ann out, page-2

Absolutely, this announcement really excites me for a couple of reasons:

A company with around 17 million to spare has invested it in 12B, completely removing any financial obligation SWE may have to the seismic and drilling of two exploration wells in the block.. This really excites me for a couple of reasons:

1. Underlines the potential of 12B.
2. Ensures no share dilution to pay for activities, reassures that SWE management is trustworthy and has investors in mind.
3. Allows SWE a free ride for the next year or two, with Tullow as operator and the farm-out company paying all of SWE's costs.
5. Allows SWE to focus their actual funds on other blocks!
6. Who is this company with ~17 million to invest in the block? Looking forward to finding out after consent is given by Kenyan govt/competition authority.

What are others thoughts on this?

Sentiment: LT buy, woohoo.