"My formula for success? Rise early, work late, strike oil."
J. Paul Getty, oil magnate (1892-1976)
Can you say that about the projects you're working on? Are they all gushers waiting to be discovered?
Beginning in 1949, Getty paid Ibn Saud $9.5 million in cash and $1 million a year for a 60-year concession to a tract of barren land near the border of Saudi Arabia and Kuwait. No oil had ever been discovered there, and none appeared until four years and $30 million had been spent. From 1953 onward, Getty's gamble produced 16 million barrels a year, which contributed greatly to the fortune which made him one of the richest people in the world.