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Jacka Resources Considers Relinquishment of Tanzania Ruhuhu Block http://ht.ly/VfMkp
Looks like a new oil rush in Somalia with Soma Oil and Gas and Kilimanjaro (KIMJF) getting involved.
No it's not Seismic still to be processed
keep that on close watch! it goes in production in 2013, Libilities are minimal (770.000)! assets of 25.860.000 holy cow thats really nice. http://www.jackaresources.com.au/documents/0009%20JKA%20Annual%20Report%2030%20Jun%2012%20FINAL.pdf Unlisted Options exercisable at $0.20 on or before 31 December 2012 71,337,436 may that give us the vol. for further break out. Bord of directors seems very proven.. have a look what this board made to their former company: i will closely watch and buy on the Australian SX
Somiland supposed to spud before the end of this year. 50% farmin partner, Genel. Jacka gets 25% and a free carry. red
Redinvest, I notice that stock is not trading until 11-21 due to financial fund raising.......... I assume this is their drive to get $14mm to fund 1qtr 2013 plans? Do you know anything more about it? Thanks.
This one might go up in a hurry. red
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