RE: Liz Truss To LIFT Fracking Ban Next Week5 Sep 2022 12:59
The company stated this in 2015. Doesn't sound like a dry hole to me.
βThis decision has been taken in light of all the information derived from each of the exploration wells and against the background of continuing depression in world energy prices, which currently show little sign of recovery.β
βAfter thorough analysis, Rathlin has concluded that the costs associated with testing the Crawberry Hill well cannot be justified, relative to probability of commercial success.
βWe continue to believe in the overall prospectivity of the geology in the Crawberry Hill area but the current well site is not a preferred location for further drilling or completion investment and, as a result, the well will be abandoned and the site restored.β