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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 and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

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