SL1 symbol mining limited

evolution of africa oil corp... mark ii, page-7

  1. 776 Posts.
    Interesting thoughts Pennypincher.

    I have no doubt that Swala will in time be a prime target of the super major oil companies which are aggressively trying to enter the region. At this stage I think it's more likely that tullow take over Africa oil Corp.

    I think the massive game changer for Swala was when Tullow announced that they had found enough oil in their Kenyan permits to look at commercialisation options.

    This is huge. I don't think the market has cottoned on to this yet. It raises the intrinsic valuation of our Kenyan permit 20 fold.

    Africa oil Corp went up 800 percent in a few months, and are now a $2 billion company.

    Now we know that the East African Rift System is a commercial basin. How can Swala not re-rate significantly on the back of this?

    Investors need to wake up...

    SWALA WILL BE TARGETING 1.2 - 2.2 BILLION BARRELS OF OIL WITH TULLOW AS OPERATOR IN THE MOST HIGHLY SOUGHT AFTER OIL RETURN IN THE WORLD.

    IN ADDITION TO THIS, TULLOW HAS STATED THAT THEY HAVE ALREADY FOUND ENOUGH OIL IN THE REGION TO START PRODUCTION BY NEXT YEAR!

    This stock will be $1 in the next few months... It is by far the best buy on the Asx in my opinion.
 
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