Re Genel horizontal wellThe Tunisia well managed a max of 1,700....

Re Genel horizontal well

The Tunisia well managed a max of 1,700. But on reflection I see now that was TOTAL FLUIDS.... which includes Oil+Water+Fluids (Fluids that Copper pumped down there). And the recent c1,000 barrels per day is the same.

They never gave the Net Oil figure or the fluids less what they pumped down.

In comparison Genel managed +20,000 barrels a day from a horizontal well.

I have to say I am getting very very concerned about Jacka now.

The Tunisia well is costing $500k a day and Jacka = $500k a week.
So the $2m loan they raised 4 weeks ago is all gone.

They are probably down to their last $1m now, enough to fund Tunisian for another 2 weeks before they go into default and lose the asset.

Now we also have Nigerian looking for cash, I suspect the 1st instalment there is a minimum of $5m from Jacka. If they do not get this cash, they lose this assert as well.

So we are in for another big bloody placing and at the current share price at .067, the placing will have to be done at $0.04 a share .... with options no doubt.

This is turning into my worst nightmare.