The North Makeevskoye-2 well was drilled to 3150 metres starting in December but did not find evidence of oil or gas.
“Wireline logs and other information obtained during the drilling operation did not indicate any prospective zones,” the company said in a statement.
The NM well, 130 kilometres northwest of Lugansk, is operated by the KUB Gas unit, in which Kulczyk has a 70% effective stake.
“The
