As North America's exploration options become increasingly limited, a growing number of junior independents are moving operations internationally in search of greater upside. Some of the most developed, senior independent international companies include Talisman Energy, Encana Energy, Premier Oil and Lundin Petroleum.
The number of companies in Trans-Orient's peer group has grown substantially and market value of the junior international oil and gas companies has also grown, most considerably over the past five years.
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