NEW PRESENTATION From the new presentation, I gather the following:
1) Seismic and FTG completed on all blocks
2) 2 Rigs operating plus 2 more shortly
3) 10 wells to be drilled in next 18 months = 1 every 2 months
4) 2 wells drilled with "significant" discoveries
5) The Waranga Well in Ugangda with 26.7m net pay yields 12,050 BOPD. Will 100m Nigama yield 50,000 BOPD ?
6) All prospects with oil seeps/shows
7) Block 10A drilled by AMOCO in the 80's . " Thousands " of feet of free oil recovered--Sirius-1. AOI= 30%
To be drilled 2nd half 2012 to 4150m
8)Somalia--Shabeel 1 recorded 12- 20m net pay ---150m gross
9) Based on seismic, all blocks net to AOI = 5.3 BBOE
10) My Calculations ==== 5.3 bboe x $5.0 = $26billion /230 million shares =$304 per share
LET THE $ $$$$$$$$$$>>>>>>>>> my friends.