Ann: Second oil discovery in WZ 12-10-1 exploration well, page-3

  1. 10,075 Posts.
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    Yes a second oil discovery in a matter of weeks and this one high porosity of net oil pay over 11m, the Beibu Gulf Block 22/12 is certain to be developed into a major new oil field with excellent proximity to China, the fastest expanding market for energy.
    I recall watching the CEO being interviewed a month ago where he said the company had $5 Billion of proven revenue, make that more like 6 Billion now.
 
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