Up and down up and down up and down in a very tight range under $2 ( sound familiar ) and then....within a 5 month period starting March last year it appreciated 500% from $2 to $10. Actually...on the first day of the re-rate it jumped 42.5% . Why ;it found oil in Ngamia 1. It's partner ? Tullow. ( sound familiar ) . That is what happened when it found oil in ONE of it's licenses.
Now...think of ALL THAT VAST GROUND we have. Think of the licenses we could end up with. A 50% rerate for Swala only gets us to 33c. 33c. Say it again......33c.
100% rerate ; 45c.
CHEEEEEEEEEEEEEEEEEEAP
From there.....keep finding oil on other licenses and expand into other countries ?
We need to start seriously thinking $5.
SWE Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
