Shares in Leyshon Resources (LRL), the China-focused unconventional gas explorer, have plunged once again following news that the company's third well at its Zijinshan project may have been unsuccessful.
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Preliminary analysis suggests the field is saturated with water at this location, like it was at the second drilling location. Leyshon may still conduct flow tests for one or two potential gas-bearing zones, but the company confirmed it is in discussions to acquire other projects in China.