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Definition of Wildcatting

wildcatting is a term used to describe an exploratory oil- and gas-drilling program.

Applying "Wildcatting" to Securities Exams:

Drilling for oil in an area of non proven reserves is very speculative in nature and more often than not can result in a "dry hole" being drilled. Due to the speculative nature of this drilling program it has become known as wildcatting.

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