oh no whats happening.25 Apr 2012 14:47
plenty of dry holes drilled all over the world. oh dear...
the success rate increases dramatically as tech improves. no commercial oil finds in the FI until recently.
as for magp. having 1% interest in umpteen fields that produce 1 bopd net is hardly a company set to grow. i think its worth noting the profit magp makes on all its little bits of production and you will see they hardly make enough to pay the tea boy a xmas bonus at the end of the year. not for me.
back to BEH. buff in the blankety blank, proven oil reserves of which they hold 65%. production in the thousands not tens bopd and growing, currently drilling another exploration well. large exploration blocks.