As a TPT holder, I even agree with you both that the Aje risk of being pinched is a really scary one... It's the one aspect of the JKA T/O that provided the real low risk fallback in the case the TAO-1 well fails. Now that the Ogo field has proven the lower Synrift play, it means Aje may have further upside at deeper depths.. I guess the party who exercises their right will have to pay for JKA's share so at least they'll get some cash out of it... Surely it'll be at a decent price too. Any ideas what that'll be at? You guys have been following JKA and the Aje field longer than I have.
Not sure what to think right now.. Will have to read into it more tomorrow.
JKA Price at posting:
8.3¢ Sentiment: LT Buy Disclosure: Not Held
