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johnsyn

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johnsyn

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Wednesday, 10/24/2012 6:23:15 PM

Wednesday, October 24, 2012 6:23:15 PM

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4:41 PM 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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