- PetroChina (PTR +3.2%) shares surge after the oil and gas explorer's parent CNPC found a natural gas reserve that’s big enough to supply China’s needs for two years.
- The find in the southeastern province of Sichuan has a reserve of 440B cubic meters, of which 308B is technically recoverable, CNPC says; China consumed ~169B cubic meters of gas in 2013.
- A testing well at the site has produced as much as 1.1M cubic meters/day of natural gas.
From other sites
at CNBC.com (Jan 14, 2015)
at CNBC.com (Jan 7, 2015)
at CNBC.com (Jan 6, 2015)
at CNBC.com (Dec 23, 2014)
at CNBC.com (Dec 8, 2014)
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