Great recommendation and price target of 51c in today's paper from the head of research at DJ Carmichael. In my view this stock is a stunning junior with money n the bank. AJE Nigeria - neighbouring the 1 billion barrel oil discovery in Ghana about to be drilled and already with P50 contingent 10 million barrels equivalent to JKA, Tunisia waiting in the wings, the North West Shelf WA in the back ground, the massive Ruhuhu basin project in Tanzania so close, and the highly prospective Tunisia offshore about to be explored. Then on top of all of this you can add the new prospect in Somaliland with 9 identified 'oil seeps'.
I've also been to the meetings and listened to the directors explain and discuss their plans. They clearly know what they are doing, have done it so well before and own significant shares in the company.
Well done all JKA holders.
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Please DYOR as these are my opinions only
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Great recommendation and price target of 51c in today's paper...
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