JKA jacka resources limited

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

  1. 776 Posts.
    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???

 
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