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Oil explorers hit rock bottom

Screen Shot 2014-02-18 at 18.34.00Extract from an extensive FT article by Guy Chazan published 2 July 2014

International exploration and production companies – or E&Ps – were once stock market darlings. But E&Ps have lost their lustre. That is partly because they seem to have lost the knack of discovering oil.

FULL FT ARTICLE

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