Good point. Say oil goes even higher north and like you say these other fields are viable now on a cost basis. It would take years to get these fields up and running, as we all know too well. Definatly not a quick fix. With Asia's growth busting every yearly prediction forcast, even those smaller fields won't quench the worlds oil thirst. IMO oil under 100$ is going to very cheap looking back in a few years.
Were all in the right spot here folks. Yes we could get some quick gratification right now and get bought out for a few bucks, but the true glory of this investment will come when oil is 125/150$ and were sitting on billions in proven.