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Only Oil Insiders Are Looking At This Play

U.S. oil men usually love their home turf. Especially today, with U.S. shale plays yielding some of the best production and reserves numbers on the planet.

But one industry insider made a surprising comment last month. Showing that U.S. oil firms may be looking in an unexpected direction for growth.

The brief mention came during the quarterly conference call for Energy XXI (Nasdaq: EXXI)—a leading exploration firm in the Gulf of Mexico that I’ve discussed in the past.

President John Schiller was asked about growth opportunities for his company. To which the industry veteran replied that he is seriously looking at Malaysia.

This seems an odd jump for a Gulf-focused oil producer. But Schiller noted that Southeast Asia in fact has the same geology and structures as companies like Energy XXI see in the GOM.

He even pointed out that Asia was the offshore destination of choice for U.S. E&Ps after these firms initially developed the Gulf in the 1960s.

Put that way, the opportunity in Malaysia starts to make sense. Even more so once you dig into some of the recent developments in this nation—under-the-radar changes that may be positioning it as a go-to exploration destination for a new generation of junior E&Ps.

Big Potential, Small Production

Malaysia’s petroleum potential is certainly proven.

In fact, the nation is a powerhouse in one segment of the business: liquefied natural gas. In 2011, Malaysia…

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