You touch on another good point there. JKA is fully funded in the program for 2013 from option underwrite and from the very smart farm in and joint venture deals they have concluded. Not many others like them around.
Not many juniors like JKA with farm in and joint venture partners like Apache, Chevron, Vitol and Genel. And they are most funding JKA through in 2013.
Nothing bad with being parochial. Few over east even know WA has a booming oil and gas industry bigger than the mining. So while I think Tanzania, Nigeria and Tunisia will be huge, Somaliland too, WA is a good asset that would be great in most other company portfolio.
JKA Price at posting:
16.1¢ Sentiment: ST Buy Disclosure: Held
