Lochard Energy Group falls on well blockage

North Sea explorer Lochard Energy Group fell in early trading on Monday after its partner, Ithaca Energy, said one of its wells on the Athena site was blocked and not producing oil.

North Sea explorer Lochard Energy Group fell in early trading on Monday after its partner, Ithaca Energy, said one of its wells on the Athena site was blocked and not producing oil.

Operator Ithaca said only three of its four production wells on the Athena field were flowing due to a suspected downhole restriction in one of them.

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