Tuesday, October 01, 2013 8:39:36 AM
Sweden's SEB Equity research group ( http://www.sebgroup.com/about ) sent representatives to the Kenyan analyst tour sponsored by Africa oil last week. As a result SEB has just released an updated analysis of Africa Oil, the company,including a revised near term target price as well as possible future valuation scenarios depending upon circumstances as they unfold. The new target price is $ 81 Swedish Kronor (crowns)= $ U.S. 12.69/sh.
Other, more speculative, possible future valuation #'s include $123 Kronor =$ U.S. 19.27 /share ,and $272 kronor = $ U.S. 42.62
Please note- this analysis only encompasses the Lokichar basin . It does not include any future value accruing to the company for it's other Kenyan exploration properties, nor for it's Ethiopian properties.
This report is in the Swedish language:
http://www.aktiespararna.se/analysguiden/Hitta-Bolag/Olja-och-gas/Africa-Oil/Analyser/2013/Vid-basta-scenariot-kan-Africa-Oil-vara-vard-272-kronor/
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