Interesting that although no mention whatsover as to oil presence is inferred in any announcements whatsover, they are supposedly in rich OIL formations(192 metres>?).
Obviously those next planned 850m are critical for oil presence(which is assumed there), but as we know even one or two decent fracture zone should send oil gushing up the well.
Up to now its all been preparation, analysis and decision planning. Now its in the lap of oil gods. Will they give up their treasure easily?
No its actually up to the NEW technology which can change the probability into a high probability of success if the oil is there.
STILL early days at least. 850 metres of interesting drilling ahead me thinks but to each their own.
And great that at least JKA has all that other action going on in other parts of Africa East and West. Oil is not likely to lose its lustre just like lots of those other metals are doing now. Just a good flow announcement at HW3 should bring a healthy bounce. All the other pssibilities would be cream on the JKA cake.
JKA Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
