Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Namibia is tipped to become a major new oil province, but thus far there hasn’t been a single commercial strike on any of the exploration drills. This has caused wild swings in the share price of the companies drilling there, especially the smaller AIM listed outfits, and that looks set to continue this year with more activity planned targeting billions of barrels of oil.
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