tanzania , page-3

Nice post Harro.

I just read this report again from only 2 weeks ago:

http://www.swala-energy.com/documents/SWE_SeismicShowsLokicharAnalogue_20131113.pdf

Regarding your last line about Eyasi?

Working with the current share price I have to value:

SWE management plus cash for half of it = 13 cents

The other half for the acreage we already have:

KK = 5 cents
Pangani = 3 cents
12B = 5.5 cents

Eyasi, as an extension of the main rift system from Kenya with 4 distinct basins = another 10 cents.

So, with Eyasi confirmed, SWE should be closer to 40 cents.

With the award of Zambia block 31 = 45 cents.

This would still be a fair bit under Argo's 61 cents price target. (All IMO).