Good point gecko, both Nigeria's and Tunisia's oil industries are a lot more developed now than they used to be, which should lower production costs.
Hammamet still carries some risk but it's fairly low compared to the vast majority of wildcat oilers. Aje must be considered very low risk, even if Chevron does divest. Commercial fields are getting increasingly hard to find and they won't struggle to find a buyer.
If JKA are lucky and can rustle up some capital they might even be able to increase their stake a little bit. Say from 5% to 7.5% - that's an extra 5MMbbls which is nothing to sneeze at.
JKA Price at posting:
14.1¢ Sentiment: Buy Disclosure: Held
