NEN

I bought this stock in 2008 when it was SAE. It hadn't been a happy liaison. But suddenly, its investment in South China Sea, off Vietnam has become hot property. BHP and STO found dry holes but Exxon is expected to announce a big find soon. There must have been some inside information! And NEN's exploration ground is adjacent. So in the recent months, NEN has moved upwards be give me a nice profit. And it will move many times higher if oil or more likely, gas, is found.

This is one success (but in paper gain only and in hype only). Well, TPT, PCL, RRSO and RMP have been good too. Most drilling for oil or gas usually finds nothing. Ouch! I had to ditch FAR when nothing was found off Senegal at a loss. And MMR almost became oblivion. And in the past with CTP, SGY, PSA, KAR, MEO, ROC and TAP, the share prices plunged when nothing significant is extracted. Even if 'successful', if the gas or oil is not of good quality or quantity, the share price will tumble, too. Another ouch!