LASMO GAUGES OIL STRIKE OFF NOVA SCOTIA

Lasmo Nova Scotia Ltd. has tested an oil discovery 1.8 miles northeast of its Cohasset-Panuke development area off Nova Scotia. The Balmoral M-32 wildcat, drilled to 8,282 ft, tested three pay zones in sands equivalent to some reservoir intervals in Cohasset field, about 25 miles southwest of Sable Island on the Scotian Shelf. The well flowed at a combined rate of 9,495 b/d of oil from three zones. There was a small volume of gas and no water.

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