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Noble Energy (NBL -0.6%) rolls the dice with plans to explore for crude oil in 350K acres of...

Noble Energy (NBL -0.6%) rolls the dice with plans to explore for crude oil in 350K acres of Nevada that have seen little drilling, waters off the Falkland Islands and in the Mediterranean Sea, as it starts to assess longer-term prospects. First production in Nevada is expected in 2014, and NBL assigns a 55% chance of success; it thinks the acreage may hold up to 1.3B boe.
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