Anyone else taking advantage of this?, page-5

They have to pay for G&A for the period too, which until first quarter of 2016 (assuming maybe only a quarter delay for Aje) then they will need 18 months or somewhere around $2m.

I think Tanzania they may have got a cash and carry whilst the oil price was high but we may struggle to farm it out now unfortunately. Its ok though as the licence commitments are quite light and for quite a long initial period so IMO Tanzania may not see much work over the next 18 months.

My think pattern is around the cash is king methodology and IMO small cap oilees will one, not be in fashion for investors for a while and two, I think they can gain better access to funding if they can grow that market cap and gain more assets. M&A seems to fill this need and I would regard cash as a necessity in the current market and potentially more than what JKA have access to at the moment.

Only my opinion though.