First Energy - Company Update, page-5

I totally agree with you Wasabibarako , it`s a very reasonable price. I guess, if they only manage to farm out one or two of the licenses, even then there`s a huge upside potential. And I`m sure they manage to farm out more, both Senegal licenses, both Gambian licenses and at least CI-513 in Ivory Coast, where they signed a joint bidding agreement on monday. I hope for further update on that deal the coming weeks.

(http://www.africanpetroleum.com.au/system/files/press/APCL Agreement CI-513 - FINAL (1).pdf)

Mcap on this company is about 40 mill usd, with 90-100% equity in ten highly prospective blocks. I honestly think the mcap will at least double when they confirm the CI-513 deal, with further upside on Senegal/Gambia which we all know (ref FAR). They are in advanced discussion with several parties regarding those blocks as we speak.

Have a nice weekend, I`m really happy to see other`s at this stock