JKA 0.00% 0.3¢ jacka resources limited

It was included in the Quarterly, no reaction by the market...

  1. 650 Posts.
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    It was included in the Quarterly, no reaction by the market unfortunately.

    Reading the Quarterly was the first time I noticed this -
    "Under the terms of the farmout agreement with Genel, Jacka will be fully carried for all exploration expenses
    incurred through to the end of Exploration Period 4 (May 2016). This includes but is not limited to the minimum
    work commitments of 1,500 km of seismic acquisition and a well."

    Does this mean if Genel wanted to drill three wells in 2015 and 2016 we would be covered for all expenses? Does anyone know if there is a cap on drilling (e.g. similar to COE being carried up until a well cost of $27m on Hammernet?
 
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Currently unlisted public company.

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