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"Any impact of the recent poor exploration results will have to play out over the long term"

"Any impact of the recent poor exploration results will have to play out over the long term" "Any impact of the recent poor exploration results will have to play out over the long term" "Any impact of the recent poor exploration results will have to play out over the long term" "Any impact of the recent poor exploration results will have to play out over the long term" "Any impact of the recent poor exploration results will have to play out over the long term"

Oil exploration is possibly even more neglected than mining exploration

Quoting a note from consultant Rystad Energy, a Bloomberg report this week said discoveries of oil reserves in 2015 were just 12.1 billion barrels.