Huge potential in West Africa (African Petroleum) (APCL)
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I must recommend this enormously undervalued stock.
It
s African Petroleum, APCL, and its traded at the Oslo Axess in Norway. http://www.africanpetroleum.com.au/
http://www.ig.com/au/ig-shares/african-petroleum-corp-ltdThe Company is a significant net acreage holder in West Africa, holding ten licenses, six of them close to where several discoveries have been made in recent years, including significant discoveries during 2014 by Total in Côte d'Ivoire and Cairn Energy in Senegal.
Todays Market Cap is about $45M.
According to CFO Stephen West, there will be made farm out announcements by H1 this year. A completed farm out transaction provides a huge upside potential, a commercial discovery should deliver further material upside.
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