I agree M&A activity is sure to ramp up in 2015. Also all of us shouldn't forget that JKA has a potentially large exploration play in the onshore Ruhuhu Block. Strachan Corporate state the following in their latest report:
".....Conventional oil exploration targets are most likely to occur within the western portion of the Nyasa rift in Neogene delta sediments or older Karoo units which could hold traps for petroleum, migrating from source kitchens beneath Lake Nyasa. Jacka is working with existing geological and geophysical data over the area. It has magnetic surveys and plans to acquire and interpret additional geophysical surveys ahead of seeking farm-in funding support for more detailed work. The company’s consultant has estimated a high side, un-risked Prospective Resource target of 3.6 billion barrels of oil equivalent in the permit.
Best wishes all.
Chilloutman
JKA Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
