Joint venture partner Karoon GasAustralia revealed on Friday that the Grace-1 well, on WA-214-P, hadfailed to encounter and significant hydrocarbons.
Earlier this week Karoon revealedConocoPhillips planned to carry out more testing on Grace-1after initial results from the well appeared promising.
However, on Friday it said a wirelinelogging programme across a zone of interest in the Jurassic volcanicinterval showed the interval to be water bearing.
The
