Albeit these guys are still a high risk investment (of an...

Albeit these guys are still a high risk investment (of an investment!) they are not a one well wonder. They have spread their investment risk geographically (and across percentage ownership of several assets) and do have small producing assets (eg Bongo) - but is all O&G.

So they appeal to me based on oil & gas exploration risk/reward in both brownfield and greenfield exploration.

IF (I know big if)they get Bongo lower sands producing, get a find in Tunisia and get some further drilling going in FP then upside is huge. If they fizzle then downside slide. Its based on each individuals own risk/reward appetite - and oppotunity cost of investing the $'s elsewhere.

Maddoc