Another oz oiler in East Africa can give you an idea is PCL for comparison. She has Kenya and Namibia tenements. close to Mozambique and Tanzania (also close to Seychelles). Recent huge gas discoveries around that areas atm. Their sp has been up to 14 cents few months back. The sp will be even higher in Q2 2012 because Apache will start to drill this year on their Mbawa prospect which is anticipate to have 6 billion barrels of oil in place.
I think with the farm in negotiations once cleared the path, the sp will rocket.
QFY Price at posting:
4.6¢ Sentiment: Hold Disclosure: Held
