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OIL

Cadlao hub on Peak's wish list

PEAK Oil & Gas managing director Jeff Steketee believes that while the prospect of near-term production is attractive, the potential for its Cadlao oil project to act as a hub for nearby projects is a differentiating factor.

He told PetroleumNews.net that while Cadlao had proved resources of about 4 million barrels of oil and close to 6MMbbl of proved and probable reserves, other small discoveries in the area could be economically...

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