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Pioneer Withdraws from Joint Development Zone

Source: www.gulfoilandgas.com 2/7/2006, Location: Africa

Pioneer Natural Resources Company announced that its subsidiary, Pioneer Resources Africa Limited, has notified the Nigeria -- Sao Tome and Principe Joint Development Authority that it is withdrawing from participation in Blocks 2 and 3 of the Joint Development Zone in offshore Nigeria, Sao Tome and Principe.

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