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Addax Relinquishing Operatorship of OPL 291

16th April, 2013

hexgear

After carrying out 3-Dimensional seismic survey of the block in 2011, Addax Petroleum was said to have found from the studies and interpretations of the data that there was no commercial find.

A source close to Addax told THISDAY that the company actually discovered that the block contains crude oil but not in commercial quantity.

Asset: OPL 291 Source: http://www.thisdaylive.com/art...

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