JKA: funding & Aje, page-4

Hi SBG14

Its a difficult decision for all I guess. I've been a long term holder and liked the assets and still do. The current management made a good call on selling Somaliland as the security situation there hasn't improved from what I've read. I think on the first reading of the announcement yesterday most of us were feeling betrayed, thinking that Aje had been given away. Hopefully this isn't the case. Max and Ken and the others from their histories do seem like ethical executives so lets see if the AIM listing and capital structure keeps some decent earning potential in place for JKA.

My reading of yesterday was that there were probably multiple reasons for holders selling, including some who I assume want out of O&G juniors given the price of oil at the moment. The market cap for JKA is now approximately $5.1 million so I'd think from this, with cash on hand and assets, it's oversold.

All IMO and best wishes to all long term holders.

Regards,

Chilloutman