iceberg & accumulation

It is clear today that the iceberg was placed with the aim of accumulation. Otherwise there will be dumping at lower than 17.5 cts

The analysis of today trade

Volume Price No of trades
150357 17.5 cts 7
855566 18 cts 44
306252 18.5 cts 21
120000 19 cts 8
707543 19.5 cts 36

We are about to get another piece valuable real estate in Tanzania located on the same EAR system as Africa oil where Tullow & Arica Oil found oil . See SWE announcement on 14th June below:

Swala Energy Limited (ASX:SWE) (“Swala”), the oil and gas explorer with assets along the East African Rift System, is pleased to announce that it has been invited into exclusive negotiations with the Tanzanian Petroleum Development Corporation (TPDC) for the award of a 32.5% interest in the Eyasi licence, onshore Northern Tanzania. If the interest in the Eyasi licence is awarded then Swala will become the operator of the license.
Reviews of vintage gravity and magnetic data, together with surface geology investigations undertaken by Swala suggest that the Eyasi licence area may contain 4 separate basins with potential sediment thicknesses of around 3,000m (Figure 2). Each of these basins has an area of approximately 2,000 km², and has the potential to provide the source materials for hydrocarbon generation.
Swala believes the Eyasi licence to be a highly prospective area located on the southern extreme of the eastern branch of the East African Rift System (EARS) (Figure 1). The western branch of the EARS has already proven to be a major oil province with around 2 billion barrels of discovered oil in Lake Albert in Uganda. More recently the eastern branch has seen a number of oil discoveries announced in northern Kenya in the Lokichar basin where Tullow Oil (TLW: LSE) and Africa Oil (TSX.V:AOI) have recently been so successful with the Twiga South-1 and Ngamia-1 wells. These wells have now proven that prospective hydrocarbon basins lie within the eastern branch of the EARS. The Lokichar basin is around half the size of each of Swala’s four separate basins in Eyasi

I will be hold or take the orrpotunity to accumulate if have cash rather than sell. But this is my own opnion only & not an advise to anyone.