Oilpods - Biamante

On 21/09/07, I purchased 1 unit of Biamante project ( location in Goliad county ) from OilPods.Com
Contract was signed on 22/09/07
Cost = US$5,000 ( S$7586.50 )

( 1 unit = 0.0476% of 19% of the WI in the subject property
which is a proportionate 0.009048% of 100% of the WI in Biamante project )

See contract ( subscription and appointment agreement ) point 3 and 4 for details on the scheduled payout.

The rationale for continuing to invest in this oilpods is because i want to generate other form of incoming cash flow and also as a form of diversification from equities/stocks.

This unit and the previous 2 units would generate an incoming cash flow of about $2000 per annum for me, when both starts pre-production payments.

I could have used the money to buy into dividend yield stocks to generate similar and slightly lower yield, but i feel that i should not focus on keeping everything in equities. Also oilpods has a possibly of giving better than 12% per annum in the residual stage.