woodside/dana - kenya

Very interesting to see that WPL has taken another 10% interest in the two blocks in kenya that GBP has a 20% free carry in. That takes their interest ti 50% which is around their minimum target level in most of their ventures. Similar level to Mauritania.

Obviously WPL is very bullish about the Kenyan assets. Their acreage size is large and the potential for substantial value is similarly large. The 2d seismic has obviously revealed something about the geology that has them attracted.

At the very small market cap that GBP has now, and its various initiatives to create value eg. Falklands float, I think this stock is going places...but do you own research.

regards
DF