Richrichie, TPT have already recieved the underwriting funds of around $7m, but also have around $11m coming in once the Moroccan govt signs off of the farm out to GALP. This means they'll soon have $18m in the bank. The sign off is expected shortly so I'm really curious whats the deal here with JKA also having a very similar TH announcement to TPT.. My guess is a JV of 50/50 for the Tanzanian license, where TPT pays for the magnetic survey or something.
JKA Price at posting:
7.0¢ Sentiment: None Disclosure: Not Held
