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Originally posted by ozblue:
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I've just done a google search for a junior explorer that finds a major oil and gas discovery, opening a new basin, that it mostly controls under exploration permits; as in what happened to the share price.
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one long ago now example is Occidental Petroleum (Oxy). A tiny, nothing company from California that secured a Libyan concession in 1966 on land that other companies (including Mobil!) had given up on. Four years later they were producing 800,000 b/d and exporting from their own marine terminal.
