Ann: DJ Carmichael Issues Research Update on Jack, page-2

re: Ann: DJ Carmichael Issues Research Update... HW3 spud in Jan not Dec, probably the only slight -tve if you can call it that.

On the positive side, Somaliland shaping up to be a more significant project than i had given it credit for. Warrants a bit more research with some big hitters moving in. Worth noting JKA doesn't actually have to drill it up for it to increase in value but aeromagnetics not far away so good to see they're moving on it.