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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

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Nov 14 4:00 PM EST

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To: Elroy Jetson who wrote (53803)	8/21/2009 2:06:41 AM
From: elmatador	Read Replies (1) of 217789

Cough up the wallet Plain! PBR Finds 280 Mln Barrels Post-Salt, Light Oil The new reserves add to proven reserves of 350 million barrels of light oil in the Jurara and Mucua fields, and of 345 million barrels of light oil in the Jabuti field, according to the statement. By Fabiola Moura Aug. 20 (Bloomberg) -- Petroleo Brasileiro SA, Brazil’s state-controlled oil company, said preliminary analysis indicates the presence of 280 million barrels of recoverable light oil in Brazil’s offshore Campos Basin. The light oil was discovered in the Aruana field, 120 kilometers (74 miles) from Brazil’s coast and above the salt layer, at a depth of 976 meters, Petrobras said today in a statement to Brazil’s securities regulator. The new reserves add to proven reserves of 350 million barrels of light oil in the Jurara and Mucua fields, and of 345 million barrels of light oil in the Jabuti field, according to the statement. The Jurara and Jabuti discoveries have already been added to the Petrobras proven reserves in 2008, the Rio de Janeiro- based company said in the statement. To contact the reporter on this story: Fabiola Moura in New York at fdemoura@bloomberg.net

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