When Aje is flogged off then that gives JKA enough $'s to pay back outstanding loan ( $2 million ). Pay for ST-2 and enough $'s left over for HW-4. In the mean time before HW-4 is drilled we get a free hit with Genel in Somaliland. We also must be on the verge of some sort of farmin agreement with regards to our leases in Tanzania. Tunisia is now the key for JKA. It's just about commercial and if they can get it to flow more than 3000 bpd then JKA will see a significant re- rating. IMHO. At least the JV knows that there is Oil there.
JKA Price at posting:
6.8¢ Sentiment: None Disclosure: Held
