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Suited and booted

4 October 2013 By Christopher Swann

The 7 bln barrels of oil Eike Batista’s OGX once touted is now more like 88 mln. For investors who bought into the hype, it’s yet another gut-punch. The lack of oversight on such claims also raises questions about the credibility of a 12 bln-barrel find Brazil is auctioning.

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