Africa Oil Corporation went up 800% over a few months last year.
Why???
1) They secured prime exploration acreage in East Africa years before it became the biggest oil and gas hotspot in the world
2) They established a joint venture partnership with Tullow Oil, with Tullow as operator, bringing in their unparalleled technical expertise in the region.
3) They had a management team with experience in East Africa
Sound familiar???
SWE ticks all these boxes and more... since Africa Oil's rise to prominence we have seen countless oil discoveries in the region, with Tullow recently declaring they had found enough oil in Kenya to develop.
Hence my strong belief that this is the best buy on the ASX.
People will get excited by share price action...ups, downs, cappers, ice bergs, big buy orders, etc etc...
But this is just the beginning for this stock. Hold your shares tightly... SWE will reward us handsomely and management do not have to achieve anything else in order for this to occur.
SWE Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
