HOUSTON (Bloomberg) -- Apache Corp. said its first major discovery in the Canning Basin may herald a new oil “province” for Australia, prompting the shares of its exploration partner to jump the most in 24 years. The Phoenix South-1 well found oil in four locations and measurements from six samples indicate the reservoir may hold as many as 300 MMbbl of oil, the Houston, Texas-based producer said in a statement.
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Discovery may herald new Australian oil province, Apache says
![Discovery may herald new Australian oil province, Apache says]()
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