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27/11/13
22:29
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Nice post Harro.
I just read this report again from only 2 weeks ago:
http://www.swala-energy.com/documents/SWE_SeismicShowsLokicharAnalogue_20131113.pdf
Regarding your last line about Eyasi?
Working with the current share price I have to value:
SWE management plus cash for half of it = 13 cents
The other half for the acreage we already have:
KK = 5 cents
Pangani = 3 cents
12B = 5.5 cents
Eyasi, as an extension of the main rift system from Kenya with 4 distinct basins = another 10 cents.
So, with Eyasi confirmed, SWE should be closer to 40 cents.
With the award of Zambia block 31 = 45 cents.
This would still be a fair bit under Argo's 61 cents price target. (All IMO).
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