Somaliland: Jacka Farms into Habra-Garhajis Oil Block

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Press Statement: Jacka Resources

Somalilandsun– Jacka Resources Limited is pleased to announce that it has entered into an agreement with Petrosoma to become operator and a 50% equity holder in blocks 6,7 and 10 located onshore Somaliland which are subject to Product Sharing Agreement with the government of the Republic of Somaliland .

Key Highlights of the Contract

• Jacka to acquireJacka resources initial 50% interest and be operator

• The block encloses some 22,000km2 with natural oil seeps within the block

• A working petroleum system demonstrated by nine independently verified oil seeps

• On trend with the prolific producing basins of Yemen estimated to contain up to 9.8 billion barrels of oil equivalent

• Jacka increases East African oil footprint

Read the press release here : Jacka Somaliland agreemnmet

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