evolution of africa oil corp... mark ii, page-8

Thanks TheDhon,

And in regard to the development plans....Producing while they build a pipeline....and what a pipeline they are going to build...

New news,
http://www.reuters.com/article/2013/07/31/tullow-results-idUSL6N0G11XB20130731

500,000 barrels per day....

500,000 BARRELS PER DAY :)

In corporates Kenya and Uganda fields.

Now, if Block 12B, and our 50% ownership could reach to be responsible for only 5% of that capacity (from a number of wells), it would be 25,000 barrels PER DAY.

25,000 x $50 = $1,250,000 per day
$1,250,000 x 31 days = $38,750,000 per month
$465,000,000 per year

P/e x ?? 5 years? = $ lots and lots and lots

Understanding early how things are developing is the key.

*****
Check this out...Some striking positive comments...not a lot of interpretation to envisage SWE's links...nice reference to pricings.

http://www.wyattresearch.com/article/500000-barrels-of-oil-per-day/30134

Early days for Kenya...
Ticking clock for Swala Energy.