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Caelus lands massive oil discovery in Alaska

Posted online October 5, 2016 | 11:23 am

Caelus Energy announced yesterday it found a massive amount of untapped oil in northern Alaska.

The discovery could yield 6 billion-10 billion barrels of light oil, company officials said.

Caelus estimates it can recover 30-40 percent of that oil.

Read more from CNNMoney.

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