Lundin Petroleum Discovers Oil Offshore Malaysia

Lundin Petroleum AB (TSX:LUP) has discovered oil in the Janglau-1 well in Block PM308A.

As quoted in the press release:

Janglau-1 was drilled to a total depth of 3,820 metres by the jackup rig “Offshore Courageous”. The objectives of the well were Oligocene intra-rift sands and the underlying fractured pre-Tertiary section.

Click here to read the Lundin Petroleum AB (TSX:LUP) press release.