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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (46010)	1/30/2009 6:34:16 AM
From: Haim R. Branisteanu	Respond to of 217752

Portugal's Galp Reports Oil, Gas Find To Brazil's ANP RIO DE JANEIRO -(Dow Jones)- The Brazilian unit of Portugal's Galp Energia (GALP.LB) said late Thursday that it found traces of oil and gas while prospecting in the Sergipe-Alagoas Basin, according to Brazil's National Petroleum Agency. The find was made inland at the SEAL-T-412 block in the border region between northeast Brazil's Sergipe and Alagoas states. Galp is lead operator of the block, with a 50% stake. Brazilian state-run energy giant Petroleo Brasileiro (PBR) owns the remaining 50%. The Sergipe-Alagoas Basin is a well-established oil and gas producing region, with several mature fields in the area. Oil companies operating in Brazil must inform the ANP of indications of oil, gas or hydrocarbons in any exploratory well within 72 hours. The disclosures are routine, and do not indicate commercial viability. -By Jeff Fick, Dow Jones Newswires; 55-21-2586-6085; jeff.fick@dowjones.com