explorations
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US oil companies gradually giving up explorations
Canadian company Ramco Oil & Gas has recently taken over the majority stake in a drilling perimeter located in Valea Jiului, from Pannonian Energy, a US firm. The Americans still own a 25% stake, but have very clearly stated they are eyeing other, more excitin...
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Regal Petroleum invests $6m in gas explorations
British oil company Regal Petroleum, controlled by businessman Frank Timis, has launched exploration operations on the Romanian market this year, having scheduled investments worth 6 million...
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$10 million in explorations
Germany's Wintershall Company that was the first to drill in the Transilvania Sud (Transilvania South) block in 2002. Other foreign oil companies have reached the "straightforward answer" st...