Must be more to it than just finally bringing in another partner???
Maybe some confidence must be growing as to some progress in resumption of exploration once again from Genel?
Article ... 7th November 2013...
"Somalilandsun - Sterling Energy Ltd Wednesday said its subsidiary Sterling Energy (East Africa) Ltd has completed a deal to acquire an interest in a potentially highly prospective oil block in the Republic of Somaliland.
The AIM-listed oil and gas exploration and Production Company said that it has farmed into the production sharing contract on the Odweine Block with Petrosoma Ltd following government approvals.
Following completion, Sterling Energy (East Africa) Ltd will hold 10%, Petrosoma Ltd 10%, Jacka Resources Somaliland Ltd 30% and operator Genel Energy Somaliland Ltd the remaining 50%."
Perhaps yeasterday's (Thursday) buying may have been prompted by this news.
Just some real positive news soon would be a nice refresher of the stagnat price of JKA anyways...?
Add to My Watchlist
What is My Watchlist?