EXPLORATION

From Macondo to Texas safe haven

AUSTRALIAN junior Petsec Energy has learned its lesson and is going back to basics after chasing hyped-up oil plays in Canada and being burned by BP's Deepwater Horizon fiasco.

Anthony Barich

After investor uncertainty following Macondo and an unsuccessful foray into Canadian onshore oil shales, the company spent three quarters reviewing its offshore assets, resulting in Petsec selling off...

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