So if the share price was hovering around 36c pre-announcement...

So if the share price was hovering around 36c pre-announcement and it was expected the price would go through the 40's on the back of Eyasi announcement ie. lets say 43cents (could be higher, could be lower).

Then is the market saying at a price of .265 that Eyasi is worth approx 16.5 cents give or take a few cents.....??

Are we saying that neither 12B, or two Tanzania licenses are worth more than Eyasi? Considering that $7.2 million has been spent on seismic alone to develop the tanzania blocks, one of which is identified as a possible “String of Pearls” configuration not dissimilar to that identified in the Lokichar Basin in Kenya (argonauts report) and the other with more features not dissimilar to the hot spots in Kenya. Then you have the Kenya block, which is obviously in a oil hot spot with huge interest from Majors, in proximity of previous discoveries and with also some pretty strong flow modelling studies to support the huge potential of oil.

Eyasi is another licence that needed money spent on it. It was no guarantee of success, although it would have been nice to hold. What happens if SWE are awarded block 31 in Zambia? One of huge potential.... is that worth 16.5 cents? doubt it.