...should only be a matter of time before investors start to realize that SWE won't last forever at these levels.
"The Kilombero Basin is approximately 80 kms long. Swala has acquired 2D seismic over a 20km long section and the results show a large structural high adjacent to the basin bounding fault that extends over a distance of 9 km and is about 4km wide."
Also...
"Initial results also suggest the presence of a thick, Neogene-age basin with a maximum depth to basement in excess of 3,000m. The age of the sediments recorded (based on low seismic velocities) appears to be similar to that of sediments observed in the now proven oil basins of Lokichar (Kenya), and Lake Albert (Uganda), where Africa Oil (TSX.V:AOI) and Tullow Oil (LSE: TLE) have had significant success."
A nice Friday after close announcement.. Will give the fence sitters the weekend to digest the news.
Here's hoping to a strong Monday open.
Robs15.
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- woohoo - huge news - looks like we got oil !!
...should only be a matter of time before investors start to...
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