this company seems a better punt to me than rrs.it has two wells...

this company seems a better punt to me than rrs.

it has two wells being drilled in kenya .
they have 20%, dana30% and woodside 50%.

the first two wells are potential 1 billion barrels.

with a further 50 potential targets from memory.

at a market cap of about 100m, their 20% exposure could be worth nearly $15 per share if they hit one.depending what value u put per barrel.about $10?plus further targets.

also, nearly half their market cap is covered by their shareholding in fog-aim.large holder in faulklands-partnered with hdr.

first drill date about october.think it will slowly rise before drilling.

worth a look anyway.