mc 9m, cash 6.4m,15% of 600mmbbls,go figure!

will play lazy this time

just copy & paste what I said on trader thread. :)


fellas do some research on JKA/JKAO

46m on issue (only 36m tradable)

13m JKAO on issue

at 20c, MC=9.2m

cash 6.4m

15% interest in COE's onshore Tunisia spud in Dec (600mmbbls mean potential).

yes a big target, oilers are high risk blah blah blah etc

but 2.8m EV for 15% in 600mmbbls is a monster deal

onshore spud, not offshore

spud soon

and the usual suspect Pattos are again working here

we have seen their work on CLY, RIM etc

they can make sp move when they want to

do your own research

risk/reward too good at this level