by far cheapest exposure to east african oil

JKA really does tick all the boxes. It has impressed me beyond belief.


-> Ex-Hardman directors who hold ~60% of shares on issue
-> Market Cap only 7.5 mill
-> $5mill cash in the bank
-> drilling an appraisal well at Hammermet West this year:

-Targetting 111 to 213 million barrels of oil
-JKA's interest has been independently valued at $24.5mill
-Has already shown to be commercial

-> Free carried 15% interest in WA Exmouth Basin

-Funded by Apache
-Targetting 50mill barrels of oil
-JKA's interest has been independently valued at $13.6 mill

-> Recent acquisition of East African oil project

-100% owned
-international oil hot spot

Can someone tell me why this is trading at a market cap of $7 million???