|I`m new at this site but I hope it`s ok to give my recomendation?|
It`s a company called African Petroleum Corporation Limited, APCL.
It`s traded at the Oslo Axess in Norway. africanpetroleum.com.au
This company is a significant net acreage holder in West Africa, holding ten licenses, six of them close to where several discoveries have been made in recent years, including significant discoveries during 2014 by Total in Côte d’Ivoire and Cairn Energy in Senegal.
This might be the next hot-spot region in oil development. The new CEO, Stuart Lake, has this amazing track record, having drilled above 300 wells with 85% hit-rate.
Today`s Market Cap is about $45M, it can easily be ten times this in a year with a commercial discovery..
About 20% of the shareholders are US investors.
According to CFO Stephen West, there will be made farm out announcements by H1 this year. A completed farm out transaction provides a huge upside potential, a commercial discovery should deliver further material upside.
Please take a look, ask me if you have any questions!