North Sea focused oil and gas company Ithaca Energy is now beginning a drill stem test at the Hurricane appraisal well, 29/10b-8, which lies within the firm's Greater Stella Area, after tests indicated that the well has encountered hydrocarbons in both the Rogaland and Andrew sands.
The test will initially be conducted over the Andrew sand interval.
Ithaca owns 54.66% of the 29/10b operating block and is also the operator, while Dyas UK holds 25.34% and Petrofac Energy owns 20%.
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Ithaca's share price rose 0.92% to 136.50p by 10:13.
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