I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Saturday 25 August 2012

Petrobras says makes offshore oil discovery in Brazil

RIO DE JANEIRO - Brazil's state-run oil giant Petrobras said on Friday it found "good quality" crude in an ultra-deep water block in the Sergipe-Alagoas basin, its latest in a string of discoveries in one of the world's most active offshore oil frontiers.

The Rio de Janeiro-based company said it found a 300 metres (984 foot) column of hydrocarbons after drilling in a well known as "Moita Bonita" or 1-BRSA-1088-SES. The well is located 35 kilometres (20 miles) southeast of company's "Barra" prospect.

"Moita Bonita" is located in the BM-SEAL-10 block, which is 100 per cent owned by Petrobras.
The new find comes only four days after Petrobras announced it discovered oil in a deep water field south of the city of Rio de Janeiro. - REUTERS

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