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Inside Investor

MOZAMBIQUE: Another Major Offshore Gas Find

MOZAMBIQUE: Another Major Offshore Gas Find

Bottom Line: Another major gas find offshore Mozambique bodes well for Anadarko and sees share prices rally

Analysis:  Anadarko Petroleum Corporation operates the Rovumal block in area 1 of Mozambique’s offshore Rovuma Basin. The discovery was at the Orca-1 well, which hit about 190 net feet of natural gas pay in the Paleocene fan system. Anadarko has a 36.5% interest in the block,…

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