fellas do some research on JKA/JKAO
46m on issue (only 36m tradable)
13m JKAO on issue
at 20c, MC=9.2m
cash 6.4m
15% interest in COE's onshore Tunisia spud in Dec (600mmbbls mean potential).
yes a big target, oilers are high risk blah blah blah etc
but 2.8m EV for 15% in 600mmbbls is a monster deal
onshore spud, not offshore
spud soon
and the usual suspect Pattos are again working here
do your own research
risk/reward too good at this level
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