Seeking Alpha
Editor's notes: Taipan has struck a deal that is worth more than its market cap. Despite remaining risks, the potential reward looks compelling.

No question the title may sound a little wonky! However this minnow sized Kenyan Oil and Gas exploration company happens to be the fourth largest oil and gas concession land owner in geo-politically friendly and oil prolific Kenya. The company currently trades at a valuation which is 38% less than cash value, which will be explained later, but first let's look at the exploration region Taipan Resources (OTC:TAIPF) is located in and some of the major oil discoveries that have taken place in the last year or so in the blocks near to Taipan's.

Kenya and East Africa have become oil and gas prolific

Oil and gas investment in Kenya has been driven by the opportunity to...

Only subscribers can access this article, which is part of the PRO research library covering 3,741 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: