"Several other companies are sniffing around in even less hospitable environments. Perhaps the riskiest, but potentially most lucrative, is Irish-backed Petrel, which has been operating in Iraq for several years. The insurgency hasn't helped sell the story, but Petrel has been winning contracts and doing business. So, if stability ever arrives, the company will be sitting on a huge first-mover advantage in a country that holds some of the biggest oil reseres in the world. "
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