Yes certainly many questions abound now. Certainly how big is HW3 now is the most important. Assuming that $10 million production money will tell DGO COE JKA that all is well - BIG FREE FLOW, we should know this week.
But since the region is now VERY really oil rich, ie = Maamoura 8000bopd (12 km away from HW3) and Baraka 3000bopd (30km away from HW3) with ENI having invested over $150+ million it certainly says quite alot as to potential of just HW3 (next to Maamoura) BUT please remember that this is just tip of the "iceberg". Look at the Bargou permit. WOW!
A look at Bargou which is huge says it all. Maamoura and Baraka lie just outside but what fantastic potential of future Bargou. Bring on the oil flow and watch the interest grow into the huge other potentials. Interesting that COE acquired these permits just in time about the time of GFC in 2008. Now they should pay huge dividends to both COE and JKA.
JKA Price at posting:
12.7¢ Sentiment: Buy Disclosure: Held