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Strategies & Market Trends : The Thread

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To: SirRealist who wrote (49657)	6/4/2001 10:19:53 AM
From: SirRealist	Read Replies (1) of 49816

9:59am 06/04/01 Triton notes significant oil discovery (OIL) By Michael Baron Triton Energy Ltd. (OIL) is rising $28.60, or $1.95, to $28.60, after the Dallas oil and gas exploration and production firm announced it has made "another significant oil discovery" on Block G, offshore Equatorial Guinea, West Africa. The company said samples indicate the well has gross oil pay of 407 feet. "The results of the Okume-1 well confirm our belief that there is a prolific functioning hydrocarbon system in the Rio Muni Basin," said James Musselman, the company's president and CEO, in a press release. "We are extremely pleased that our exploration program in Equatorial Guinea again has unlocked significant shareholder value." Triton expects to drill two additional exploration wells in Equatorial Guinea.

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