YAOUNDE, Oct 9 (Reuters) - Addax Petroleum, a unit ofChina's state-owened Sinopec, said on Tuesday its Padoux-IXexploration well on its Iroko block offshore Cameroon struckcrude oil and gas.
"This Padoux-IX well has logged 38.6m TVD net oil and 65.1mTVD net gas in six sands," Addax said in a press release issuedjointly with Cameroon's state oil company SNH.
"Provisional contingent resources are 20 mmbbl of oil and200 bcf of gas from these reservoir layers(...) However, moretests will be conducted and additional work at the prospect isneeded to determine the extent and commercial viability of thediscovery," it said.
(Reporting by Tansa Musa; Writing by Richard Valdmanis)
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Keywords: CAMEROON OIL/ADDAX