If you are an oil company, you need to have reserves and produce them. The best way to get oil is to find/develop your own fields. You can also buy oil production, but decades of experience show that that is just a way to go broke slowly. I know that Gulfslope would dearly love to have income every month from selling oil reserves. I know they have been looking at buying fields, and have made offers, but nothing has come of it. So their only alternative is drilling. As you say it isn’t good to have only one option, but that’s where we are. If Gulfslope doesn’t drill a successful exploration well soon, there will be no future for the company.
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