Would be nice Hans but to acquire a project they must raise...

Would be nice Hans but to acquire a project they must raise capital as no one is going to give them a project for free. They will also need operating cash to explore, develop or otherwise drill wells. Pump may come afterward but by that time existing holders have been "carried out the back door" (although the company will no doubt be magnanimous and offer existing holders a rights issue). No current shareholders will ever see a profit - guaranteed!