CNBC Thursday 14th February, 2013
"Junior" oil and gas refers to companies that are currently producing under 10,000 barrels a day, but which are developing or trying to develop oil or gas deposits. Generally speaking, juniors have one of two aims - either to get bought after making a good discovery or to raise capital and develop new fields themselves.
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Source: http://www.bangladeshsun.com/index.php/sid/212580571/scat/d805653303cbbba8
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