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Wins and losses for explorers

STOCKANALYSIS was hoping that by the time this report went to print, Roc and Horizon Oil would have participated in new oil discoveries on their Beibu Gulf permits, offshore China. But their latest well was a dry hole. <b>By PETER STRACHAN</B>

Wins and losses for explorers

However, the permit is already estimated to hold about 30 million barrels of recoverable light crude, plus a similar amount of more viscous crude. Further drilling is targeting an additional 20-30MMbbl...

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