looks set to move higher, page-10

"JKA’s net 14mmboe (from Aje) provides a bankable resource, as evidenced by the €42m bond facility Providence issued against its interest in the project. With Vitol as the likely offtaker, trade finance is also a financing option." -Patersons Oct 2012

Things will get really interesting now. I believe that JKA will now fund themselves via Aje. Many people dont realise that Aje has been declared a commercial field. The oil's there,it flows, and it has a substantial inground value.

JKA have a number of commitments coming up and rather than dilute shareholders i believe directors are looking to debt fund much of our future development.

Patersons put 34c valuation on JKA in October. The Euro crisis would have dented our sp but everything Patersons said then still holds now, and more so, due to finaisation of Aje purchase.

Directors so far have done everything right. They are also very well connected in Africa as evidenced by current projects.

Gazelle seismic results from Apache due this month.
Hammermet drilling next year.
Ruhuhu sometime soon?
Aje advancing
and a left field announ not unlikely.