Ganalane,
Agree with you on the upside of these companies. They might be small, but they are producing oil. Even at 200 BOE per day, they are at least making some money. That's 5.8 million dollars over the year.
And it can happen fairly quickly. Compare that to the gold exploration companies.
Also agree with the toe dipping. Instead of investing in 12 metals explorers and praying for a homerun, how about buying 12 of these little O&G companies and picking up 5 singles, a walk and a hit batsman!
KG