Premier Oil says discovers oil off the coast of Mexico
Premier Oil Plc said it had discovered oil off the coast of Mexico at its Zama-1 exploration well in Block 7.
Premier, which holds a 25 percent interest in the block, said estimates for the Zama-1 well were in excess of 1 billion barrels, which could extend into a neighbouring block.
The project is jointly owned by Talos Energy, which acts as operator and has a 35 percent stake, and Sierra Oil and Gas which holds the remaining 40 percent. (Reporting by Arathy S Nair in Bengaluru; Editing by Susan Fenton)
(Reuters) – Here one minute, gone the next.
While that is the premise of Snap Inc’s popular messaging platform, investors also saw any gains from its red-hot IPO disappear when shares plunged far below their initial sale price on Tuesday.
Additional reporting by Caroline Valetkevitch in New York and by Ankur Banerjee and Tanya Agrawal in Bengaluru; Editing by Arun Koyyur and Nick Zieminski