TWO STRIKES GAUGED IN PAPUA NEW GUINEA

An exploration play in Papua New Guinea's southern highlands has taken on added luster with the testing of two more discoveries. Larger of the two is the Chevron Niugini Pty. Ltd. group's first sizable oil strike on the large Mananda anticline. Four drillstem tests of the Cretaceous Toro in Chevron's 1X Southeast Mananda yielded a maximum combined flow of more than 7,000 b/d of oil and 7 MMcfd of gas. Site is on PPL 100, about 7 1/2 miles northwest of the 4X Agogo oil well in the