{"id":1421,"date":"2014-07-10T10:58:18","date_gmt":"2014-07-10T07:58:18","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=1421"},"modified":"2015-09-09T09:33:21","modified_gmt":"2015-09-09T09:33:21","slug":"jacka-resources-executives-to-leave-company-in-q4-2014","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/jacka-resources-executives-to-leave-company-in-q4-2014\/","title":{"rendered":"Jacka Resources executives to leave company in Q4 2014"},"content":{"rendered":"

Jacka resources, a company with core focus is in North Africa, West African Transform Margin and East Africa rift basins has announced that the managing director and the chief financial officer have tendered their resignation effective in September and October respectively.<\/p>\n

The chief financial officer Richard Aden\u2019s resignation takes effect from 30th<\/sup> September same time as Managing Director Bob Cassie who will leave on 1st<\/sup> October.<\/p>\n

According to the company the board\u2019s restructure is in tandem with the company\u2019s plan to undertake an overall review of its operations as part of the recently completed funding initiatives.<\/p>\n

According to the chairman of the board of directors at Jackal Resources Max Cozijin in a statement the board is currently continuing with its strategic review of existing projects, funding requirements and staffing structure after which the company will assess its immediate executive staffing requirements including the replacement of the managing director.<\/p>\n

In May this year Jacka Resources announced that it was conducting a board restructuring with the goal of aligning the skill sets of the board to challenges faced the company whilst also reducing costs.<\/p>\n

As part of the restructuring the board was reduced to only three directors where Stephen Brockhurst and Brett Smith resigned from their positions in the board and Cizijin and James Robinson were appointed as directors.<\/p>\n

Stephen Brockhurst was later appointed to company secretary.<\/p>\n

Jacka Resources has a 15 percent equity\u00a0 in the Bargou Block in Tunisia, 5 percent net revenue interest in the Aje oil and Gas field in Nigeria, 100 percent equity and operator of Ruhuhu basin in Tanzania and retains an option to acquire a 5% participating interest in the Odewayne Block in Somaliland after farming-out<\/a> to Sterling Energy in May.<\/p>\n","protected":false},"excerpt":{"rendered":"

Jacka resources, a company with core focus is in North Africa, West African Transform Margin and East Africa rift basins has announced that the managing director and the chief financial … Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":1422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[106,681,1192,1536,1749,1801,2202,2356,2406,2409,2466,2578],"class_list":["post-1421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-aje-oil-and-gas-field","tag-east-africa-rift-basins","tag-jacka-resources","tag-max-cozijin","tag-nigeria","tag-odewayne-block","tag-ruhuhu-basin","tag-somaliland","tag-stephen-brockhurst","tag-sterling-energy","tag-tanzania","tag-tunisia","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/jacka-resources.jpg?fit=400%2C400&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-mV","jetpack-related-posts":[{"id":1824,"url":"https:\/\/www.oilnewskenya.com\/index.php\/jacka-resources-initiates-tanzanias-ruhuhu-block-farm-out-campaign\/","url_meta":{"origin":1421,"position":0},"title":"Jacka Resources initiates Tanzania\u2019s Ruhuhu Block farm-out campaign","author":"Samuel Kamau Mbote","date":"September 25, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Jacka Resources has announced it has initiated a farm-out campaign after being approached by a number of parties interested in the license in its Ruhuhu Block. This continues even as the comprehensive review of the license area\u2019s prospectivity that was recently completed continues. The comprehensive review the company\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/ruhuhu-basin.jpg?fit=666%2C459&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/ruhuhu-basin.jpg?fit=666%2C459&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/ruhuhu-basin.jpg?fit=666%2C459&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":2016,"url":"https:\/\/www.oilnewskenya.com\/index.php\/oil-potential-in-tanzanias-ruhuhu-block-placed-at-3-6-boe\/","url_meta":{"origin":1421,"position":1},"title":"Oil Potential in Tanzania\u2019s Ruhuhu Block placed at 3.6 BOE","author":"Samuel Kamau Mbote","date":"November 7, 2014","format":false,"excerpt":"Australian explorer Jacka Resources has said a prospective resource assessment at the Ruhuhu Block has set the highest estimate at 3.6 billion barrels of oil in both convectional and unconventional oil. According to the resource assessment the 3.6BOE\u00a0 include 263 million barrels of oil (MMBO) of conventional neogene oil and\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/ruhuhu-basin.jpg?fit=666%2C459&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/ruhuhu-basin.jpg?fit=666%2C459&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/ruhuhu-basin.jpg?fit=666%2C459&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":4140,"url":"https:\/\/www.oilnewskenya.com\/index.php\/jacka-resources-considers-relinquishment-of-tanzania-ruhuhu-block\/","url_meta":{"origin":1421,"position":2},"title":"Jacka Resources Considers Relinquishment of Tanzania Ruhuhu Block","author":"","date":"November 30, 2015","format":false,"excerpt":"ASX listed Jacka Resources has said its management is exploring all options including relinquishment as farm-out campaign initiated in September 2014 and which has not seen much interest thus far. Jacka which is currently planning seismic and airborne gravity surveys attributes this to a lack of risk appetite in current\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/ruhuhu-basin.jpg?fit=666%2C459&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/ruhuhu-basin.jpg?fit=666%2C459&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/ruhuhu-basin.jpg?fit=666%2C459&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":13131,"url":"https:\/\/www.oilnewskenya.com\/index.php\/somaliland-oil-discovery-a-welcome-gift-to-the-horn-of-africa\/","url_meta":{"origin":1421,"position":3},"title":"Somaliland Oil Discovery, A Welcome Gift to the Horn of Africa","author":"","date":"January 12, 2023","format":false,"excerpt":"Despite over a decade of oil exploration in the horn of Africa, a working petroleum system, easy access to the market and over 60 wells, the dream of a commercial oil and gas discovery has remained elusive. While the entire Somalia including Somaliland, which the Federal Government has little or\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/08\/AGS-Seismic.webp?fit=600%2C450&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/08\/AGS-Seismic.webp?fit=600%2C450&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/08\/AGS-Seismic.webp?fit=600%2C450&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":981,"url":"https:\/\/www.oilnewskenya.com\/index.php\/jacka-resources-signs-second-farm-out-with-sterling-energy-in-somaliland\/","url_meta":{"origin":1421,"position":4},"title":"Jacka Resources signs second farm-out with Sterling Energy in Somaliland","author":"Samuel Kamau Mbote","date":"May 6, 2014","format":false,"excerpt":"Jacka Resources\u00a0has announced that Jacka Resources Somaliland Limited has signed a second Farmout Agreement with\u00a0Sterling Energy (East Africa) Limited for the\u00a0Odewayne Block Production Sharing Contract, onshore Somaliland, East Africa. Sterling will acquire JRSL\u2019s 15% participating interest in the PSC for a total cash consideration of US$12 million and approval for\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/05\/somaliland.jpg?fit=702%2C550&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/05\/somaliland.jpg?fit=702%2C550&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/05\/somaliland.jpg?fit=702%2C550&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/05\/somaliland.jpg?fit=702%2C550&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":1446,"url":"https:\/\/www.oilnewskenya.com\/index.php\/jacka-resources-planning-farm-out-in-tanzania-ahead-of-seismic-in-2015\/","url_meta":{"origin":1421,"position":5},"title":"Jacka Resources planning farm-out in Tanzania ahead of seismic in 2015","author":"Samuel Kamau Mbote","date":"July 14, 2014","format":false,"excerpt":"Jacka Resources has announced that it will be farming out \u00a0its Ruhuhu block ahead of its planned seismic acquisition in the first half of 2015 according to the company\u2019s latest corporate presentation. The company is already carrying out early stage exploration on the block with a depth to basement map\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/tanzania-ruhuhu.png?fit=819%2C372&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/tanzania-ruhuhu.png?fit=819%2C372&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/tanzania-ruhuhu.png?fit=819%2C372&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/tanzania-ruhuhu.png?fit=819%2C372&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/1421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=1421"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/1421\/revisions"}],"predecessor-version":[{"id":3657,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/1421\/revisions\/3657"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/1422"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=1421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=1421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=1421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}