Africa focused oil exploration group Afren has this morning announced a significant new off-shore oil find just 2 kilometres east of its main site in Nigeria, in the Okoro field. The company has described the tertiary reservoir sands encountered as "excellent" and as being of a quality equivalent to those under development at its main Okoro field.
According to management, "the well result represents a successful start to Afren's 2012 exploration campaign that will see the Company participate in multiple wells across each of its core areas."
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