My opinion (without fact so dont take my words for it) Tanzania exploration farmin?
"Jacka Resources secures onshore Tanzania petroleum block
Wednesday, March 20, 2013 by Bevis Yeo
Jacka Resources (ASX: JKA) has been formally awarded the production sharing agreement for the Ruhuhu Block in southwestern Tanzania and will start exploration work immediately.
Geological and geophysical studies will be carried out in the second quarter while an airborne gravity and magnetics survey will be acquired in the third quarter to define basin characteristics.
The airborne survey will also provide input to development of a 2D seismic program in 2014.
Under the first four-year exploration, Jacka is required to acquire airborne gravity and magnetics, shoot at least 400 kilometres of 2D seismic and drill one exploration well.
The Ruhuhu Basin is located fully onshore and abuts the north east shore of Lake Nyasa.
The basal Ruhuhu section contains postglacial, early Permian lacustrine shales that are modelled to have reached oil mid-maturity in the basin and are related to shales that have sourced the heavy oil in the Bemolanga tar sands of Madagascar that have reported resources of 22 billion barrels.
It is also truncated to the west by the Lake Malawi Basin, which contains organic rich sediments similar to those of the Albertine Graben in western Uganda, where more than 1 billion barrels of oil reserves have been proved since 2006.
While Jacka will initially focus on the conventional potential of the western part of the Ruhuhu, unconventional potential exists to the east of the block within thick, bituminous coals and “hot” shales of early Permian age.
While Tanzania has been relatively underexplored, a number of offshore discoveries made in the last 12 to 18 months has attracted the likes of Shell, Statoil, Total, Petrobras and ExxonMobil into entering the country."
Hope JKA has one more project started solidly once again.
So AJE, Hammamet West, Somaliland almost back in play and Tanzania. GOOD stuff - have I missed anything?
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