Value Microcaps Junior Energy

[dr_airtime]

XOP.V - Africa Oil of late 2016?

+.02 to $.15 this morning on 6X average volume.

Remember when Africa Oil went from $1 to $10 in 2012? There is that potential here if XOP hits.

News from my swing-for-the fence play this morning that partner Exxon will start drilling deep water Liberia Well in a month. My cost is $.12 here and would be ecstatic to sell at $.24 and ride free shares into drill results but we'll see.

http://www.proactiveinvestors.com/companies/news/167647/copl-shares-advance-as-investors-look-forward-to-liberia-well

COPL has a 17% carried interest by Exxon in an offshore Liberian Block that is one of the few where a Junior is involved in Offshore West Africa.

Original idea here comes from Warren Irwin who outlines the long thesis well and "pumps" the opportunity big time saying:

I've been in the business 30 years, and I have never seen a higher-octane, more awesome risk/reward situation than this one, which involves the former CEO of Oilexco Inc., Arthur Millholland.

If XOP is successful just remember to sell before Arthur runs the company into the group again!

https://www.theaureport.com/pub/na/hedge-fund-chief-warren-irwins-blockbuster-uranium-call-and-his-best-metal-and-oil-plays

FYI - there is an important lesson to learn here as I was well aware of this story earlier in 2016. That lesson is "buy the TSX Venture oil producer that is drilling the most high impact, highly anticipated exploration well of the year early, before the crown, sell for a double and ride the free shares into the results"

This applied to XOP and also worked for Taipan TPN.V in 2012 who had a high impact well in Kenya. Taipan wasn't successful but I actually walked away with a double+ here based on that theory as never bought back.