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Jacka Resources Ltd (JKA.AX)

JKA.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Jacka Resources updates on Bargou Permit Joint Operating Agreement
Sunday, 1 May 2016 08:24pm EDT 

Jacka Resources Ltd:Unit has not met a special cash call pursuant to bargou permit joa by the due date.Unit is accordingly in default under the terms of the joa.Says company has no liability in respect of this default.  Full Article

Jacka Resources says progresses AJE funding arrangement
Monday, 13 Jul 2015 06:33pm EDT 

Jacka Resources:Says that Cornhill has nominated MX Oil PLC as the AIM Listed Company for the purposes of this transaction and that accordingly MXO will assume the role of funding Jacka's share of the AJE field development program.Says the effect of this arrangement is that if MXO completes this funding, upon the commencement of commercial production from the AJE Project, it would have the economic benefit of Jacka's interest in the Aje field.Mxo will acquire jacka's existing loans to prog in exchange for shares in mxo with a market value of $3 million.Shares will be issued at same price at which mxo is currently undertaking capital raising to assist in funding aje phase 1 field development program.  Full Article

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