hunt out, page-87

yes kippa my sentiments excatly. This now has a market cap of less than $20m so it has alreasdy has had the bull market ramp deflated from its sp.

Its not a $100m dollar producer, but a small investment vehicle, thats sitting on a potential whale. However its sp is only reflective of a small Australian spec, which 95% of the investment public wouldnt look twice at.
As you said keep it simple.

However a fair amount of money has been spent offshore Senigal and there are 3 facts that need to be remembered.

1. Close proximity to other makor oil fields.

2. The sesmic has identified what could be a a billion barrels of oil.

3. 3 major oil companies have seen enough to be interested in coming in to drill a well(s)



Of course there is also the extra little drilling going on in a variety of other locations just to keep an interest outside of the potential monster payout.

But to keep it very simple, 3c gets you a punt at the big prize.