Moppo,Look at number of shares on issue for Swala and Otto, not...

Moppo,
Look at number of shares on issue for Swala and Otto, not just W.I in Tanzanian licenses. Also, Swala has 12B license with 50% w.I which is believed to contain loads of Oil and have Tullow as their partners. There are many positives, not just Tanzania for Swala.

I believe, anything below 10 cents for Otto and anything below 30 cents for Swala is a steal. I am more happy with Otto because we are already in Galoc Production and with positive cash flow, we can self-sustain for years to come without any dilution. K-K seismic looks very promising and once Market gets out of SC55 negativity and understands the potential of Tanzanian assets, we can expect positive move in SP.

Also, expect a sharp hike in SP if we have any positive news from SC55. Once we start Production from Galoc II, we would be back above 10 cents and that is just 2 weeks away. With little luck, Swala and Otto can easily be a 5 bagger if not 10+ bagger in 3 years time with high impact licenses they got. I do not have any doubt that Otto shares will fly the same way Swala did today soon.

Happy to hold Otto and Swala as the major investment in my Portfolio.!