- Fourth largest acreage holder onshore Kenya (6.8 million acres/ 27,712 square kilometers) with 2,308 mmboe gross un-risked prospective resources.
- 2 fully funded drills on desirable acreages in Kenya partnered by Afren Plc., Premier Oil & Tower Resources plc.
- Management team with an abundance of experience with a track record of repeated exploration success, having discovered over 3.75 bboe in frontier regions.
- Low market cap (approx. US$36 million) compared with assets: Risked Net Present Value Price of $2.18 or 6.4 times the current share price.
- Africa Oil Corp.’s (TSX:AOI) recent Oil & Gas 1 TCF discovery at Sala-1 65km from Taipan’s Block 2B Badada-1 prospect bolstering Taipan’s allure (1.88TCFG approx. 324mmboe found at nearby Bogal).