Event Statement Error Help please

[Me You]

Hey,

So I'm having a little problem with my event creation
here is the code:

CREATE EVENT GATHER_RESOURCE_OIL_VILLAGE1
ON SCHEDULE EVERY 10 SECOND
DO
BEGIN

DECLARE oil,oilrate,result,maxstorage INTEGER;
DECLARE cur_oil CURSOR FOR SELECT R_Oil_Current FROM resources WHERE V_ID='1';
DECLARE cur_oilrate CURSOR FOR SELECT R_Oil_Rate FROM resources WHERE V_ID='1';
DECLARE cur_maxstorage CURSOR FOR SELECT R_Oil_Rate FROM resources WHERE V_ID='1';

OPEN cur_oil;
FETCH cur_oil INTO oil;
CLOSE cur_oil;
OPEN cur_oilrate;
FETCH cur_oilrate INTO oilrate;
CLOSE cur_oilrate;
OPEN cur_maxstorage;
FETCH cur_maxstorage INTO maxstorage;
CLOSE cur_maxstorage;

SET result = oil + oilrate;

IF result < maxstorage THEN
UPDATE resources SET R_Oil_Current = oil;
ELSE IF result > maxstorage THEN
DELETE FROM EVENTS WHERE EVENT_NAME = 'GATHER_RESOURCE_OIL_VILLAGE1';
END IF

END;//

But it gives me a SQL syntax error :
#1064 - You have an error in your SQL syntax; check the manual that corresponds to your MySQL server version for the right syntax to use near 'END' at line 30

I can't seem what the problem is, could somebody help me please :(

thx