Great news.Africa Oil....now at $8.67, up...almost $1.40 in the...

Great news.

Africa Oil....now at $8.67, up...almost $1.40 in the last 3-4 weeks!!

We are continually de-risked.

Each new discovery, should in-effect, raise the value of our land-holding alone. Not to mention raise confidence in our assets.

Not only Kenya, but also our very large position in Tanzania which continues along the rift.

Love this....100% success in Northern Kenya (exert below).

Africa Oil CEO Keith Hill commented, "We are thrilled with the 100% success rate of the drilling program to date in northern Kenya and with 10 additional leads and prospects in this basin we can expect additional discoveries in the immediate future. We are equally excited about the basin opening wells being drilled in two new areas and the pace of exploration ahead with 6 active rigs operating full time. This discovery gives us further incentive to aggressively push forward plans for development studies of this world class project in conjunction with our partners and the Government of Kenya."

And don't forget, Tullow is very active allocating WILDCAT drilling....I will not be surprised to hear we will have a wildcat once our MT survey is completed in 12B Kenya. (due to commence very soon)

SWE has drifted a bit over the last week, but this has been on the back of very low volume. Great consolidation, accumulation which should support the next step up quickly.

Its early, but the potential is very much highlighted in the performance of our neigbours and partners (Tullow), making SWE a strategic & value buy IMHO.