http://www.egoli.com.au/egoli/egoliStoryPage.asp?PageID={90D436AB-FFF8-4284-A1BC-E651259F96DA}&Section=StockIdeas
Note in the article posted above that all surrounding blocks on the East Coast of Africa have been awarded to oil majors now .
This is a major oil exploration frontier, of which the KEY JV is now extraordinarily derisked with the gas discovery . How can it be stressed enough that the current market cap is unsustainably low, below book value, below float price, and extremely likely to be well below this single resource value .
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3 to 4 days away from a result, page-51
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