A Lesson in Long Term Investment: Woodside Keeps on Giving, page-16

Gindaldan,

I would disagree with you on this.   

At some point, the large companies you listed were small.  They grew over time. 

Funding is not the problem if the Asset is in the right location (the oil discovery is only 160km off Port Hedland).   As an example, CVN raised $50M last week in just two days and the raising was not underwritten.  The raise was overwhelmingly over-subscribed, such that when it re-opened for trading, the share price went up instead of down. 

As to the Oil assets - Quadrant and CVN found their oil in shallow waters; in around 75 metres, and still has plenty of prospects to go after.  On two leases, CVN hold 20% interest and on the other two, it holds 30% interest - that is where the prospect for 600M barrels is located at.

Everyone is entitled to their opinion and invest in the ways they want.  I am happy with mine.