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/PRNewswire/ The African nation of Namibia has never produced a barrel of oil in its history. Now, for the second time in less than two months, it s. ....
/PRNewswire/ The African nation of Namibia has never produced a barrel of oil in its history. Now, for the second time in less than two months, it s. ....
Namibia is not known as an oil nation, in fact, it’s never produced a barrel of oil in its history, but we think that could all be about to change with a potential 120-billion-barrel oil play ....
) when I first recommended it, I’m sure you’ve been watching its remarkable rise with great interest. If you didn’t, don’t worry. It’s not too late. Drill #2 is just about to start. The press release went out Thursday, and the stock forums began lighting up as investors evaluated the results. Retail investors may be waking up to the opportunity and word may soon start to spread. Spencer Hohan, a petroleum engineer, commented on Yahoo: “As a Petroleum Engineer of 40 years now, having spent a career with major oil companies, and smaller independents, it s hard to emphasize how rare it is for something like this to be a ‘hit’ on the first penetration well drilled based primarily on a geomagnetic survey. This is astounding. If the second well shows anywhere near similar geophysical properties, and further confirms the basin structure, this could easily be worth more than a hundred times its current price. Sorry, shorts. You d best cover today, or ....