risk v/s reward, page-18

I bought a few more today as I look at this way.

1. If Backreef 1 gets drilled by 31 Oct and it is a duster OBL still get 90% of the Backreef area. Other wells in the area have oil, it's just a matter of finding it. This is a win

2. If they hit oil - Win

3. 12.5% and 17% interest in two Vic Gippsland basin areas - production areas as well so a positive

4. 50% interest in another Canning Basin area - Another positive

5. 100%interest in R3 which has oil but uneconomical to bring into production unless Airlie Island or perhaps adjoining permit area holders want to buy it or sell their interests to OBL. Again another positive.

All good! So even if it drops to 2 cents I'm holding.

Good luck to the holders and to you lot on the sidelines thinking about it - you can say "I knew it" or "I told you so" but don't say "Could of, should have" because there is still an opportunity to come on board.