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70 Posts.
37
20/02/13
13:00
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This has to be the cheapest African oil play out there.
The majors are scrambling for ground in East Africa. These guys will get a farm out in no time.
Cash coming from BHP will last longer than people think as they won't be spending much more after the seismic is complete.
Don't expect a discounted cap raising from these guys.
2.4 Bil Barrel target - on shore - East Africa.
I would be amazed if this does grab traders attention very soon.
Look at FAR and PCL.
This thing could be 3c quite easily.
Remember DYOR
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