26 November 2012

MEXICO / ENERGY : Hot Pemex Announces Giant New Oil Find At Tabasco's Navegante.

http://www.bloomberg.com/news/2012-11-25/mexico-announces-oil-discovery-in-tabasco-state-notimex-reports.html

     Pemex has revealed finding a new crude deposit...perhaps up to 1 billion bbls...in Tabasco state.
     Light crude was discovered on-shore...6 kms deep/3.7 miles...at the Navegante 1 site.
     The first estimate is 500 million bbls...with up to 1 billion total...recoverable around the site.
     Navegante is Pemex's most important land find this decade...and its 3rd major find recently...breaking a long...zero for 22...dry streak.