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28 July 2009

Petrobras Stock DROPS On Several DRY Pre-Salt Wells!

From Bloomberg.

Nine of 28 wells drilled were found to be dry or not commercially viable in Brasil's much-hyped pre-salt Campos and Santos fields.

I gotta say once again...I just KNEW the pre-salt fields...were too hyped to be true!
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Labels: Brasil, Campos Field, Petrobras, pre-salt fields, Santos Field
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