valuation update, page-8

excellent future ahead The latest announcement gives us an idea what is going to happen in the next 6 months.

Excellent news with higher then expected oil production and oil and gas reserves.

With production in excess of 25000 bod they are going to make a fortune soon.

And if the oil price is going even higher during that period we can see an excellent upside in earnings as 50% is hedged @ US$55 and the rest for the highest bidder.

I can see AZA going to test the $2 before the year is out , with the high oil price staying with us.

Good luck

jojo