risk/reward outstanding, page-14

Just thinking that this thread is good place to post some general info about the risks and rewards of investing in Tanzania with its untapped resources and business friendly environment:

'Tanzania is endowed with diverse energy sources including biomass, natural gas, hydropower, coal, geothermal, solar and wind power, much of which is untapped.

Tanzania, with its oil seeps, seismic and other data, shows strong hydrocarbon potential in its upstream oil industry sector. However, only 20 wildcat exploration and 8 development wells have been drilled in a 222,000 sq km area, and therefore Tanzania can be classified as under-explored.'


http://www.mbendi.com/indy/oilg/af/ta/p0005.htm
http://www.mbendi.com/indy/oilg/ogus/af/ta/p0005.htm - history of oil & gas exploration

I hope that we might be up to a big surprise from the seismics. My reasons are:

1) resent Aminex 25% asset increase in Tanzania
2) impressive and consistent share rise
3) recent creation of Oil and Gas Association of Tanzania (OGAT) with AEX founding member, along with many other big players sign of intentions for heavy involvemet
4) just from memory AEX was a 'buy' recommendation lately in several bulletins (can not provide links, sorry)