What's new in exploration ///

During most oil price-induced, mid-term industry-wide recessions, we often retreat to what others started doing, during the early reaction to the downward price change. Sadly, we follow the dust of those blowing “retreat.” Safety is found in the herd. We hope that the wolf won’t pick on me this time. As I predicted last year, this is going to be a buyer’s market for M&A.

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