Monday, October 22, 2007 8:45:43 AM
"And the Texas tea keeps flowin': Over the weekend, Tillerson's colossus and rival U.S. oil major Chevron (nyse: CVX - news - people ) may have struck a mother lode off the West African island state of Sao Tome and Principe.
According to the AFX newswire, preliminary drilling results indicate the offshore Obo-1 well may contain more than a billion barrels worth of oil and natural gas. Led by Chairman and CEO David O'Reilly, Chevron is the lead operator of the field with its 51% stake, while Exxon holds 40%. The balance is owned by Nigeria's Dangote Energy Equity Resources and Afren.
"
I need more CHEAP shares... LOL
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