3Legs plummets on disappointing update

Exploration and development firm 3Legs Resources saw its share price tumble after the firm disappointed investors with its latest drilling update.

Exploration and development firm 3Legs Resources saw its share price tumble after the firm disappointed investors with its latest drilling update.

The firm's Warblino LE-1H2 horizontal well has been shut in for an "extended period" of several months to allow it to recover from the fracture stimulation applied in recent weeks. The shut it will also enable the fracture treatment fluid, potentially obstructing the flow of natural gas, to dissipate.

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