daytrading june 17 afternoon, page-46

SWE
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The next minning boom newletter
NEXT OIL RUSH
The team at The Next Oil Rush have identified a tiny 16c ASX-listed oil explorer operating in the exact same region with the exact same joint venture partner and is currently capped at only $22 million…

Understandably, the oil industry has been carefully focused on the region ever since this massive oil discovery, with some observers suggesting Kenya could be sitting on multiple billions of barrels of undiscovered oil. AOI’s joint venture partner Tullow Oil, has a history of discovering giant oil fields in Africa and bringing them to production. The prediction amongst industry insiders is that Tanzania (Kenya’s neighbour to the south) will be the next exploration hotspot.

The wildly successful first oil discovery in Kenya has encouraged AOI and Tullow Oil to fast-track their activities and plough hundreds of millions of dollars into drilling multiple exploration wells throughout Kenya for the rest of 2013 – all while constantly fending off takeover offers and JV offers from oil super majors who missed the boat and desperately want to get a foothold in East Africa.

If only there was another early-stage AOI-style junior explorer that we could invest in on the ground floor with the potential for thousands of percent gains…

We have uncovered a $22 million dollar ASX-listed junior oil explorer called Swala Energy (ASX:SWE) that bears an uncanny resemblance to the multi-bagging AOI before its share price exploded by 800%.

SWE is an East Africa focused oil and gas exploration company that raised $11 million via IPO on the ASX in April 2013 – an impressive feat in such tough market conditions. Prior to listing, SWE was an early-mover in Kenya and recently farmed-out 50% of their key block (12B) to Tullow Oil; the undisputed exploration and production champion in Africa and also key JV partner of AOI.

SWE is also identifying and snapping up highly prospective exploration blocks in Tanzania, anticipating a significant increase in activity in the near to mid-term.

If you are reading this from outside of Australia and want to trade on the ASX, send us an email and we’ll put you in touch with a broker who can assist (please consult your advisor first).