{"id":59919,"date":"2020-04-27T00:00:00","date_gmt":"2020-04-27T00:00:00","guid":{"rendered":"https:\/\/www.beirut.com\/59919\/results-of-drilling-block-4-are-in-gas-found-not-commercially-viable"},"modified":"2023-05-08T13:30:31","modified_gmt":"2023-05-08T13:30:31","slug":"results-of-drilling-block-4-are-in-gas-found-not-commercially-viable","status":"publish","type":"post","link":"https:\/\/www.beirut.com\/en\/59919\/results-of-drilling-block-4-are-in-gas-found-not-commercially-viable\/","title":{"rendered":"Results Of Drilling Block 4 Are In: Gas found not commercially viable"},"content":{"rendered":"Guys, how much more can things truly suck?<br \/>  <br \/>  Actually, I&#8217;ll take that right back, wouldn&#8217;t want to tempt fate. <br \/>  <br \/>  In a statement released to press a couple of hours ago, Total (the company that had the bid to explore Lebanon&#8217;s <i>apparently dwindling<\/i> gas fields), the following facts were revealed:<br \/>  <br \/>  <B>&#8220;The well did hold traces of gas that confirms the presence of a hydrocarbon system, but it did not encounter any reservoirs of the Tamar formation, which was the target of this exploration well.&#8221; <\/b><br \/>  <br \/>  <img decoding=\"async\" src=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/05\/59919.png\"><br \/>  <br \/>  That&#8217;s fancy talk for: the gas TRACES found in Block 4 are not commercially viable. And that&#8217;s fancier talk for: we can&#8217;t make cash out of the shit that&#8217;s in Block 4. Congrats guys, another punch in the face. <br \/>  <br \/>  This comes <a href=\"https:\/\/www.beirut.com\/l\/59918\" target=\"_new\" rel=\"noopener\">after Top Juice jacked the price<\/a> of their bonjus pyramid from 250 LL to 500 LL so it&#8217;s like&#8230;f everything. <br \/>  <br \/>  You can read the full statement here:<br \/>  <br \/>  <img decoding=\"async\" src=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/05\/59919-1.png\"><br \/>      <figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\"><figure class=\"wp-block-image size-large\" ><img loading=\"lazy\" decoding=\"async\" width=\"250\" height=\"207\" data-id=\"436169\" src=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/59919-2-250x207.png\" alt=\"\" class=\"wp-image-436169\" srcset=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/59919-2-250x207.png 250w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/59919-2-600x496.png 600w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/59919-2-768x635.png 768w, https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/59919-2.png 779w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/figure><\/figure>    ","protected":false},"excerpt":{"rendered":"<p>Guys, how much more can things truly suck?<\/p>\n<p>Actually, I&#8217;ll take that right back, wouldn&#8217;t want to tempt fate.<\/p>\n","protected":false},"author":0,"featured_media":436171,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ai_generated_summary":"","_preview_accessed":0,"footnotes":""},"tags":[],"media-embed-type":[],"class_list":["post-59919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"authorship":[102],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Results Of Drilling Block 4 Are In: Gas found not commercially viable<\/title>\n<meta name=\"description\" content=\"Guys, how much more can things truly suck? 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