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Noble Energy (NBL -0.2%) hits dust in its search for hydrocarbons at a wildcat well off the...

Noble Energy (NBL -0.2%) hits dust in its search for hydrocarbons at a wildcat well off the coast of Cameroon, announcing the Trema exploration well is being plugged and abandoned after hoping to unearth up to 120M barrels of oil there. NBL's total cost of Trema is ~$35M, of which $20M will be expensed in Q3 and the rest in Q4.
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