mazagan onshore!, page-8

Uncle Panda,

thanks for contributing & I see you hold no PVD stock.

I would be interested to know what you do hold & why?

I've researched (& held some) Aussie O & G juniors with projects from Bass Strait, Cooper, Canning, Carnavon & Browse Basins, Qld & NT CSG, PNG, Thailand, Philippines, Vietnam, Mongolia, East Europe, South America, North American Shale plays & even the Northern slopes of Alaska.

Then ofcourse there are the African oilers!

By their very nature, they are all high risk - high reward investments - we all know this!

But having experimented & messed around with many stocks during the last 9 months & actually made a few bucks so far (my broker has probably made more!), I have settled on PVD & SWE as the two biggest holdings in my little portfolio for the long term.

So Uncle Panda, now that I've shown you mine....?

Anyway, here is the link where you got your info:

http://www.bloomberg.com/news/2012-05-21/tanzania-to-choose-winner-of-eyasi-wembere-block-by-august-1-.html

Things have moved along a bit since this little report as:

The SWE/PVD joint bid has been successful (exclusive negotiations) over the much bigger market cap companies Beach Energy & Adamantine Energy. See link below:

http://www.asx.com.au/asxpdf/20130614/pdf/42gghzlbnds8vg.pdf

Ofcourse there will be sensitive environmental issues to be considered, which I am sure are very much a part of the ongoing negotiations with the Tanzanian govt.

SOGTL are a Tanzanian company about to list on the Dar es Salaam stock exchange (DSE) & will have local shareholders.

Great management, EARS specialist & already active in Tanzania, they are the company to take on any complexities in the Eyasi licence.

Once again, IMO, PVD are smart to be in early with a 50/50 JV with SOGTL in this license.