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Total's (TOT -0.2%) foray into Papua New Guinea is off to a shaky start, with two exploration...
Total's (TOT -0.2%) foray into Papua New Guinea is off to a shaky start, with two exploration wells yielding only "modest" amounts of natural gas. Analysts see the drilling results as "mixed" in view of the quality of the rocks encountered by the wells. Big discoveries by companies including Exxon (XOM), InterOil (IOC) and Talisman (TLM) have turned the country into one of the world's hottest energy plays.
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