Messaging International Share Discussion Threads

[jonno1] 11/4/2012 22:29

Anyone bought any Jacka?

Article in the Australian Financial Review yesterday regarding Jacka.

The PDF of the article is on the Australian Bauxite Limited website (because the first part of the article is relevant to them)

Here's the link to the full article:



Here's the section about Jacka Resources:
------------------------------------------------

Australian Financial Review

05 Apr 2012, by Luke Forrestal

When investors are looking for
exploration upside in a junior, the
address of the acreage and quality
of the partners counts for a lot. But
perhaps most crucial is the record
of discoveries of those at the helm.

It's unusual to find all those
factors coming together in a
minnow, but Jacka Resources seems
to have the boxes ticked.

The board is dominated by
former executives from Hardman
Resources, whose acreage in
Uganda and French Guyana has
yielded discoveries for its acquirer
Tullow Oil.

Their expertise is centred in
Africa, including the east Africa
region that has rapidly emerged as a
global oil and gas exploration hot
spot and has fuelled gains in
another stock that has caught the
eye of Blue Sky, Pancontinental Oil
& Gas.

Jacka earlier this week picked up
acreage in Somaliland, which can
be regarded only as high risk
despite its geological credentials. Its
early-stage venture in Tanzania's
onshore Ruhuhu Basin is also
strictly wildcat, but plenty of
discoveries have been made not far
away.

Closer is the drilling of the
Hammamet West 3 appraisal well at
an existing oil resource off Tunisia
in the September quarter, led by
experienced operator Dragon Oil.

Jacka also has a small stake in a
joint venture offshore Nigeria,
where partners include Chevron
and YEP

[mcbeanburger] 11/4/2012 19:08

that's what i thought but i saw a picture where it was on-shore...

confusing.

here is the pic

[ih_37169] 11/4/2012 18:55

It's offshore Somaliland.

red

[mcbeanburger] 11/4/2012 15:24

ok - its on the nugaal trend.

[mcbeanburger] 11/4/2012 15:24

This is an interesting one. I'm trying to figure out where this block is...



Jacka Resources ASX Acquires Somali Oil Blocks With Petrosoma

[mcbeanburger] 10/4/2012 16:41

interesting jon - thanks for posting.

[jonjon9] 10/4/2012 16:00

Could this be what you were searching for McB. Thanks for keeping this thread alive and here's hoping for interesting days ahead.

From Africa Intelligence

SOMALIA

Puntland's offshore up for grabs
Production sharing contracts are expected to be awarded by mid-July in the territorial waters of the breakaway province.

A start to drilling by Canada's Africa Oil Corp on the Dharoor block on Jan. 16 seems to have finally persuaded the authorities in Puntland to open their offshore zone to explorers.

After several months of bargaining, Canada's Marauder Resources and Australia's Range Resources (partners of Africa Oil in the onshore) began exclusive negotiations concerning the province's offshore a few weeks ago. The two firms have signed only memorandums of understanding for the moment but hope to win production sharing contracts by July.

Relatively few data are available on Puntland's offshore at present. Range and Marauder have agreed to conduct 2D seismic surveys in the first three years of the concession. The second period calls for 3D seismic and a well.

The two small companies are betting that if a discovery is made on the onshore Dharoor block - drilling is to wind up at the end of April - oil majors will rush in to acquire stakes, and pay top dollar for them. This despite the deep insecurity reigning in the territorial waters of this zone in the Gulf of Aden.

The geology of Puntland is somewhat similar to that of Yemen which lies only a few hundred kilometers to the north, and where big companies like Total are pumping oil in the onshore.

The managing director of Range Resources, Peter Landau, was already talking in 2009 about breaking into Puntland's offshore but the authorities wanted to first launch drilling in the onshore. A first well was put back on several occasions for security and financial reasons and because of the lack of an available rig, factors that irritated the authorities in Garowe

[mcbeanburger] 10/4/2012 11:01

Africa Intelligence has done a piece on MES and RRL, if someone has seen or has the post please post it here. tx.

[mcbeanburger] 31/3/2012 09:18

from what i hear the majors are reaching out....


again interesting times

[mcbeanburger] 29/3/2012 11:38

Al-Shabaab Crumbles and Defects in Puntland

interesting times.

[tomboyb] 27/3/2012 16:54

And more shareholder communication - The share-buyback was actually one of the best thing they could of done - Those shares were a hindrance on the entire company - Now that is gone let see more shareholder comm -

[mostyn] 27/3/2012 16:51

It's a very good sign that they have bought already, especially as one was represented by a non-exec. As you mention there isn't much free float available unless they pick up stock from another large holder, and the only likely weak holder has just been taken out by the buyback. Should be interesting when we get the results. The company need to improve the liquidity in the stock but I'm not sure how they could do this - perhaps a dividend would improve the demand and the tradeability in the stock.

[tomboyb] 27/3/2012 15:17

Well it'll be interesting to see if those larger shareholders will be buying more -

[mostyn] 27/3/2012 14:52

Wide spread seems to have stopped any trading for the moment. Was quoted this am in 200,000 just over 0.91p to sell and 1.155p to buy. MM's don't want to play.

[tomboyb] 27/3/2012 09:57

Substantial interests at 20 February 2012 Ordinary shares No. %
Prideway Holdings Ltd 34,492,934 22.129
Westside Investments plc together with
Reverse Take-Over Investments Plc 24,000,000 15.4
H Furman 17,782,009 11.408
BBHISL Nominees Limited 16,533,333 10.607
William Weston 11,000,000 7.1
HSDL Nominees Limited 10,000,000 6.416
HSBC Client Holdings Nominee (UK) Limited 9,708,500 6.229


Almost 80% is held tightly - Interesting that the update is correct - normally it would take ages to update the website but with larger shareholders buying stock - more buying would push this a lot higher -

[43rick] 27/3/2012 09:52

very clear from level 2 that your two trades so far today were buys ( bid 0.9 ask 0.95 )

Ask has now moved up to 1.2p - 275,000 on the ask at 1.2p from 3 MMs Overhang has cleared.

That non- exec director clearly has confidence in the way profits are moving - see last RNS

[maytrees] 27/3/2012 09:27

My buy was small but even so its reporting was delayed and despite being followed by a possible sell, resulted in the share price gaining 13%+

MES must be one of the most illiquid stocks on AIM.

[maytrees] 27/3/2012 09:17

Managed with difficulty to add a few just now at 0.95p

[tomboyb] 26/3/2012 10:58

Well - Market makers offering 15k max at full quote - It's not often you see a share capital reduction in a stock - more the converse on the AIM market -

[43rick] 26/3/2012 10:09

4 buys this morning - last was full ask - 0.95p

I wonder how long it has been possible to buy credits and to use their messaging facilities via their website - www.telemessage.com

[tomboyb] 26/3/2012 08:27

Looks like the overhang almost gone here - 25k max online - Some good buying by the largeer shareholders on Friday -

[tomboyb] 23/3/2012 14:55

Afternoon chaps -

[mostyn] 23/3/2012 12:10

Good price 0.88p. I was quoted 0.941p for 500k earlier today and 0.95p on the 21st.

[43rick] 23/3/2012 11:46

RNS just out - looks as if the non-exec. director is confident - also indicates where some if not all of those 6 million shares traded at 0.88p on 21st March ended up. Looking forward to the 30th June finals.

Messaging International, the AIM traded provider of innovative messaging services, was informed on 21 March 2012 that, on that date, Westside Investments Plc ("Westside"), acquired 1,000,000 ordinary shares in the Company at a price of 0.88p per share. Westside together with its wholly owned subsidiary, Reverse Takeover Investments, together have a beneficial interest in 24,000,000 ordinary shares in the Company representing 15.4% of the issued share capital of the Company. Mr Geoffrey Simmonds, Non-executive Director of Messaging, is a Director and 12% shareholder of Westside.



The Company has also been informed that following an acquisition of ordinary shares on 21 March 2012, Mr. William Weston has a beneficial interest in 11,000,000 ordinary shares representing approximately 7.1% of the issued share capital of the Company.

[mostyn] 21/3/2012 11:29

Looks like the 2,000,000 trade at 0.88 was the clearance of the overhang. Just tried to get a quote and been quoted full offer for 500,000.