Medoil is one to keep an eye on, just floated last
week and has great potential

LONDON (AFX) - MedOil 1 lifted to 22-1/2 after a study by independent consultants shows its southern sector offshore Louza Permit M'Sela-1 oil discovery has estimated indicative recoverable reserves of 48-225 mln barrels.

The Merlin Energy Resources also showed total oil-in-place volumes of between 260-860 mln barrels, MedOil said.

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