OIL Search (25.5%) and its joint venture partners Repsol (49%), Armstrong Energy (19.1%) and GMT Exploration (6.4%) should be beaming after Pikka B well in the North Slope returned encouraging results, encountering hydrocarbons in the vaunted Nanushuk Formation.
The ongoing success must be especially sweet given the doubts many had when the Papua New Guinea-focused company announced a move into the chilly North American climes in late 2017. Operations...
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