http://www.malcysblog.com/2013/12/hunting-providence-bowleven-pur...

http://www.malcysblog.com/2013/12/hunting-providence-bowleven-pura-vida-tangiersjacka-egdon/
Malcy's Blog
Posted on 5 December 2013

Tangiers/Jacka
Tangiers has made a ‘friendly’ recommended offer for Jacka of 0.468 of its own shares for each Jacka share, valuing them at 11.2 cents, an increase of 56% on the previous close of 7.2 cents. Into the bargain Tangiers will loan Jacka A$2.5m for 1Q 2014 funding.

Management wise the highly impressive Eve Howell stays on Chairing the new group but Bob Cassie of Jacka will become MD.

The group will have very strong African credentials going forward, the highly exciting Tarfaya Block offshore Morocco with Galp, Tunisia, Nigeria where they have their stake in the Aje field, Somaliland with Genel and Tanzania.

In fact outside of Kurdistan the new group looks like a mini-Genel, like bite-sized……