“Doing a quick search on “new oil finds” makes me skeptical of this report.”
Oil is almost everywhere if you’re willing to drill deep enough. This is a Peak Oil scare article. Here’s a report on why.
http://heartland.org/sites/all/modules/custom/heartland_migration/files/pdfs/7764.pdf
Thomas Gold, astrophysics, had lots of theories. NASA wasted a lot of money one his claim the moon was covered in fine dust that would no more support the weight of a landing craft or a man than water.
It wasn’t true either.
Learn about sedimentary basins, petroleum traps, cap rocks and the like and you will gain understanding why that is nonsense.