next africa(n) oil, page-8

Thanks for the reminder griz, looking at the charts of rrs and rmp, they both showed massive price rises not so long ago. In RRS case that was an excellent result considering they have 2.8b shares on issue.

RMP ran up to 76.5c all the way from just under 20c. (266m shares on offer)

Another great example of an oil stock that ran up quite well is PVD 20c -95c (76m shares on offer) African theme also.

SWE has only 67m shares on issue so in theory has the best chance to rise more than the above 3, they also have excellent strategic tenements in the east african rift system surrounded by majors who have had discoveries.

If i remember correctly PCL had a market cap of approx $200m just as they started drilling a multi billion barrel potential well.

So yes they can go up and they also can go down, but at 17c SWE is only valued at $11.5m so at this point in the game downside would be very little compared to the upside.

dyor