I would still prefer Swala taking over companies with high potential rather than being bought out :-)
If at least one basin is proven for oil and we start generating revenues and in a position to self fund for future exploration, it would be a dream come true for any shareholder holding SWE shares.
Yes, it will take its own time to go to that level as we are in budding phase as of now. But this is the time to invest if you truly believe in the potential and appreciate the value of assets owned by Swala. As per my estimate, Swala would have 8-10 licenses across Africa by end of 2014 which they believe to have high potential.
As always, trading has its own risk and we might end up in capital loss. But if you look at Swala assets, initial seismic results, Management background, history of JV partners, future licenses etc., I could see only uptrend from here with very little risk from current SP.
There is no better feeling to see your money grow by doing nothing.!
SWE Price at posting:
21.5¢ Sentiment: LT Buy Disclosure: Held
