1. Most Discussed
  2. Gainers & Losers
SL1 2.0¢

Why I invested in Swala

  1. davidhc

    67 Posts.

    I see a lot of back and forth going with key points not rammed home. This is why I took a position:

    1) East African Rift System (EARS) - Without doubt the hottest spot in the world for O&G exploration. 80% strike rate by Tullow and Africa Oil
    2) Swala has 4th largest land holding in EARS.
    3) In country business model allows Swala to pick up blocks for 'the people' rather than foreign companies. Watch this space Eyasi!
    4) 3 drill campaigns in 2015 post farm outs (Why the stock isn't moving until market gets clarity on deals).
    5) Even with a poor oil price, attraction is still in the EARS and hence I believe deals will get done.

    So even with tight cash, once farms out take place we should get a solid re-rate. Funding risk is gone and Swala can get back to doing what it does back. Picking up blocks, proving up value with seismic and if we hit on one block then then stock price is $1.50 plus.

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.