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Stock impact report

UK: Total Makes a New Gas and Condensates Discovery in the North Sea

TOTAL SA (TOT) 
Last total sa earnings: 2/7 04:01 pm Check Earnings Report
US:NYSE Investor Relations: total.com/en/investors
Company Research Source: Business Wire
PARIS--(BUSINESS WIRE)--Regulatory News:Total (Paris:FP) (LSE:TTA) (NYSE:TOT), Operator, and its partners have made an encouraging discovery with the Isabella 30/12d-11 well on the license P1820, located in the Central North Sea offshore U.K., about 40 kilometers south of the Elgin-Franklin Field and 170 kilometers east of Aberdeen.The well was drilled in a water depth of about 80 meters and encountered 64 meters net pay of lean gas and condensate and high-quality light oil, in Upper Jurassic and Triassic sandstone reservoirs. The analysis of the data and results are ongoing to assess the discovered resources and to determine the appraisal program required to confirm commerciality.“The initial results at Isabella are encouraging. This demonstrates that our exploration strategy in the North Sea to explore for value adding prospects nearby to our infrastructure is working.” commented Kevin McLachlan, Senior Vice President Exploration at Total. The P1820 license is operated by Total Show less Read more
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