STO 1.18% $7.74 santos limited

Dividends OK, page-59

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    Coopec I think you are confusing drilling existing producing fields with exploration.
    Drilling existing fields has an extremely high rate of success in turning into production, something like 98% I believe. However there is still exploration in areas that are not so well known or areas where the extension or direction of the field hasn't been established.

    Here is a brief article from reuters where Chevron among others have withdrawn their exploration.

    http://www.reuters.com/article/2015/01/31/chevron-poland-shale-idUSL6N0VA08820150131

    And this Check P6

    http://iehn.org/documents/CPFIShaleGasGuidanceNoteApril2013.pdf
 
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