in case you missed it...

http://www.swala-energy.co.tz/index.php

The Swala Tanzania website is now live.

There is an (mid)October presentation there. I would expect an updated one to be published, when the prospectus is issued or just before. (We can say mid October, because it has Kidatu info)

http://www.swala-energy.co.tz/documents/SwalaOGTanzaniaIPOPresentationv1.pdf

Of note:
Pg 3 Indicative - drilling H2 2014

Pgs 6 & 7 Prospective return charts (Africa Oil :) & Cove Energy)

Pgs 10 to 13 Pretty pictures :)...nearly unpublishable close to Oil & Gas porn:)

Pg 15 - A Forward Work Programme (check out resource reports indicators....they might be staggered like the seismic...maybe news sooner than we thought??)

Pg 16 MC of SOGTL Post issue of EGM Shares.

Pgs 19, 20 & 21 High Powered, experienced in country team.


Notably & Plesantly Missing:
Eyasi-Wemebre value. Good!!


Other thinking.
It is evident that SOGTL has been risk (value)reduced/understated (Eyasi removed) to ensure success in the listing on EGM, DSE. This will bode well for the IPO itself and quick value appreciation for uptakers of the listing.
Why, ..based on the OPL pathfinder Research Paper also on the website which values SOGTL at US$40.9mil.

http://www.swala-energy.co.tz/documents/Swalapathfinderresearch17-09-132.pdf

Now look at page 16 of this link...

http://www.swala-energy.co.tz/documents/OldParkLaneCapital-PathFinderResearchandValuation.pdf

...And you will see Eyasi-Wembere is discounted 75%, and noting that K-K and Pagani are each discounted 50%.....
As things develop and you start to reduce (and/or in the case of Eyasi bring into line with the other two) the discounts there is ample room for fair value increases.
(Add US$8 million to valuation for Eyasi when moved to 50% discount on formal award signing)

This view does not take into account "working advancements & developments" on and within the licenses.

I also see our value has increased, due to the favourable terms of our PSA's in place......Far better terms that those being offered in the 4th Round recently launched...make our ground really attractive IMO.

So working on my calc's....(and in no way professed as correct)...

I come up with :
(RISK DISCOUNTED VALUES)

58.1% of SOGTL = $23 Million (Includes Eyasi award)

Kenya 12B = $15 Million (based on Pg 22 (http://www.swala-energy.com/documents/OPLResearchNote31July2013.pdf)

Cash in Bank (SWE) $7.7 Million
Zambia Assets $1.00

Valued against Tradeable Shares on issue = $0.69(RISK DISCOUNTED VALUE)
Fully diluted value = $0.34(RISK DISCOUNTED VALUE)

Want more safety??

More safety margins....example...reduce Kenya 12B to $5 million from $15 million....and we still 54 cents and/or 27 cents.

Again, these do not account for any speculative value,

Nor does it account for recent positive seismic with detailed interpretations to come.

Nor anticipated value increase to SOGTL's share price post listing on EGM.

Nor any value added for Zambia prospects

Nor does it take into account that fully diluted effect wont take affect until 2015 when shares are released from Escrow (think tradable shares....and appreciation well before indications of drilling before 2015...?)

Opportunity & Potential = HUGE!

So we are well below any baseline value...and so much is missing from the valuation equation....good crazy...again :)

When news, hype and/or speculative buying hits (ohh, should all three hit at the same time???)....stand-by for one hellovashow I reckon :)...even a live streaming data feed wont be able to keep up :)...it will all be a blur until the dollar signs start ticking over. (which is obviously my opinion)

Have a good day :)