no pain no gain

Try this scenario noonie;

Galoc flows oil for a few years providing a good source of income and making OEL debt free.

The Po valley yields a gas discovery meanwhile.

The well in Argentina is spudded and oil is found.

From the Galoc funds the Turkish assets are brought to market hence 2 income streams.

A big major farms in to the phillipines prospect.

Galoc and Turkey income enable Italy and Argentina to be developed and brought to market.

Oil major drills Maranto and finds 300m bbl's of oil.

Share price shhots up and i retire.

Meanwhile;

NDO decide to develope their small oil find.

They decide to raise half their market cap to do this further diluting the company.

After many problems and delays accessing this oil, NDO find the flow is smaller than anticipated and is water contaminated.

Galoc meanwhile is only producing 6000 barrels a day and cash flow is not covering costs.

SP goes in freefall when this news is made public.

So you see noonie sometimes its better to diversify rather than rely on the one project.

The risks are similar but the rewards are greater and thats why we all play the markets no?