Happy New Year friends.! 2014 is going to be a COMPANY MAKING year for Swala. So many news to be announced in 2014. Few among them,
1. 2-D seismic start of 12B by Q1 2014 2. SOGTL listing in Dar Es Salaam stock exchange by Q1 2014 3. Resource estimate for K-K and Pangani based on 2-D seismic and hydrocarbon modelling by Q1 2014 4. Eyasi license update from TPDC by Q1 2014 5. Resource estimate of 12B based on 2-D seismic by Q2 2014 6. 3-D seismic in Pangani by Q3 2014 7. Kito prospect well planning till Q3 2014 8. High Impact and most important activity of Kito drill by Q4 2014 9. Zambia license update for blocks 31 and 44 10. The strongest hint yet from Management that they could consider 'Area of Mutual Interest' as an alternative to share dilution (refer December Investor Presentation).
I am sure except for point 10, all would be happy with other 9 points. But 'Area of Mutual Interest' is a very good approach if adopted by Management rather than subjected to Takeover offers. I am sure Swala Management would be smart enough to free carry on many prospects if they agree to AMI and terms would be good for Swala if not great, with minimal dilution.
2014 is the year where old believers are going to believe more in Swala story and there would be new friends joining us along the way. Happy New Year folks, 2014 is indeed gonna be a EXCITING JOURNEY.!!
SWE Price at posting:
30.0¢ Sentiment: LT Buy Disclosure: Held
