The Luna-1X probe, drilled by Maersk Drilling jack-up Maersk Resolve in Noreco-operated licence 1/11, failed to find hydrocarbons, the company said in a statement on Friday.
The Oslo-listed company saw its share price drop by 7% on the news to trade at around Nkr7.65 ($1.30), although analyst Henrik Madsen of Swedbank First Securities reiterated a ‘buy’ recommendation for the stock and a target price of Nkr13.
Noreco
