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.
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