Big potential for JKA in 2015

Hi All

As I've posted before Afren are currently working on interpreting the just completed 3d seismic on the whole OML 113 offshore Nigeria.  Here is what they are currently saying on their website about OML 113:

Background to the Aje discovery
The Aje oil and gas field was discovered in 1996 and is 24 kilometres offshore Nigeria on block OML 113 in water depths up to 1,476 ft. Pending ongoing exploration and appraisal work at OPL 310, the field is estimated to be one of the largest oil fields in Nigeria outside the Niger Delta basin. Three (Aje-1, Aje-2 and Aje-4) of the four wells drilled on the field have encountered oil and gas in various intervals across the Turonian, Cenomanian and Albian sands, and two (Aje-1 and Aje-2) of the wells have comprehensively tested at commercial rates.
The JV Partners estimate the Pmean contingent resources to be 167 mmboe, principally related to the Aje field, with an additional 205 mmboe of mean prospective resources on the block.

Prospectivity and outlook
On 7 October 2014, the JV Partners on OML 113 sanctioned the FID for the first phase of the Cenomanian development in the Aje field that will include two subsea production wells tied back to a leased FPSO.  First oil from the Aje field is expected late 2015.

Afren paid $40 million for their 16.9% of OML 113.  Check them out.  They aren't fools.  The other thing I've discovered is that they have a large onshore and offshore oil prospect in of all places Tanzania.  Project wise they certainly seem aligned with JKA.  I'd be very surprised if a switched on company like Afren weren't keeping an eye on what JKA are doing at their 100% owned prospective Ruhuhu Project in Tanzania.

In my humble opinion JKA is worth significantly more than it's current share price and must be on the radar of switched on and highly successful companies such as Afren and Dragon Oil.

Regards,

Chilloutman