Oil explorers

These are extremely high risk investments. If it hits a good oil field, then its share price gets a rocket liftoff. But when it is dry, it becomes a carcass... until it finds oil in another drilling. The truth is drilling in even the best sites is often unsuccessful. Sometimes, the hype before the drilling can be extremely convincing. Just look at MMR.

I have money tied up in TPT, MEO, WHN, KAR, PCL, ROC, NEN, NDO, OEL plus quite a few onshore ones like BPT, COE, BKY, SXY, RRS, RMP and CTP. The process of getting a drill and actually drilling takes a long, long time. But I am a patient investor. Wish me luck!