Statoil (STO) will move forward with development plans for its Peregrino South discovery in the...


Statoil (STO) will move forward with development plans for its Peregrino South discovery in the Campos basin off Brazil after an appraisal well confirmed its resource estimate. The well encountered ~85 meters of high-quality oil-filled sandstone reservoir, confirming significant potential in the exploration well that was completed in April last year.

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Comments (1)
  • mrjeff
    , contributor
    Comment (1) | Send Message
     
    I have been with STO since their low of the year. I thnk this is a emerging growth company, especially for 2013-2019 and just look at the fundamental and management. I am long with STO
    24 Oct 2012, 11:02 PM Reply Like
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