Killajoules

Anadarko Announces Another Discovery Offshore Mozambique
Anadarko Petroleum Corporation (NYSE: APC) today announced that the Barquentine exploration well in the Offshore Area 1 of Mozambique's Rovuma Basin encountered a total of more than 416 net feet of natural gas pay in multiple high-quality sands. Specifically, the discovery well encountered more than 308 net feet of pay in two Oligocene sands that are separate and distinct geologic features, but age-equivalent to those encountered in Anadarko's previously announced Windjammer discovery. The well also found an additional 108 net feet of natural gas pay in the Paleocene sands. This deeper pay appears to be part of the same accumulation as the 75 net feet of pay that was encountered at the Windjammer discovery, located 2 miles to the southwest.