jka a hint of whats to come

All the positive comments by all do of course have merit ie cash backing and good prospects, more drilling to come and production.

Mr mkt is not impressed and I am afraid that ppp will trade exactly like jka.coe have for their appraisal well in Tunisia.

I am normally out by now but are still holding ppp because of poor mkt conditions so one of the rare times I will hold through to target and hope like hell ppp get lucky because I never believe in this odds of success nonsense other than at the casino - because the number of non commercial holes worldwide vs commercial finds of this size attests to the fact that the odds of finding this size oilfield are very low, improved somewhat by 3d seismic etc etc but still low.

however in watching jka/coe I suspect unless they strike oil, cash backing will not stop the current mkt from pushing the sp lower again during drilling when often the reverse happens.