fellas do some research on JKA/JKAO46m on issue (only 36m...

  1. 12,503 Posts.
    fellas do some research on JKA/JKAO

    46m on issue (only 36m tradable)

    13m JKAO on issue

    at 20c, MC=9.2m

    cash 6.4m

    15% interest in COE's onshore Tunisia spud in Dec (600mmbbls mean potential).

    yes a big target, oilers are high risk blah blah blah etc

    but 2.8m EV for 15% in 600mmbbls is a monster deal

    onshore spud, not offshore

    spud soon

    and the usual suspect Pattos are again working here

    do your own research

    risk/reward too good at this level
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