JKA 0.00% 0.3¢ jacka resources limited

vg ... but cash ?

  1. 89 Posts.
    Well is excellent progress.

    Just wondering about thoughts on cash.
    I estimated they had $1.8m left at end of June, assuming Jacka had paid their % of $45m re Tunisia.

    I have to admit, I was surprised the from last week’s announcement to Mondays, they announced that the cost of the well suddenly increased from $45m to $49.0m ... so Jacka to fund $0.63m.
    And Testing costs of $9.8m ... so Jacka $1.47m

    That would put their cash at negative -$0.45m for Sep excluding any costs they have to cover for Nigeria.

    Does anyone know what the likely costs of Nigeria in Q3 or Q4 will be? (Unless they are going to sell it)


    Much appreciated
 
watchlist Created with Sketch. Add JKA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.