Jacka Resources Ltd : Jacka Resources Limited Appoints Managing Director 05 November 2013

5 November 2013

Jacka Resources Limited Appoints Managing Director

Jacka Resources Limited (ASX: JKA) ("Jacka" or "the Company") is today pleased to announce the appointment of Mr Bob Cassie as Managing Director, with immediate effect.
With 35 years of experience in the global oil and gas industry, Mr Cassie brings a wealth of international knowledge and experience to the Company. Mr Cassie's experience is broad, ranging from new ventures and exploration to development projects and from onshore to deep water, with a particularly successful track record in Africa.
For the past 18 months Mr Cassie has served as an advisor to the Board and his commitment to the Company in his new position of Managing Director will strengthen and enhance the Company's technical capabilities.
Mr Richard Aden will step down from his role as Executive Director to focus on the commercial and financial management of the Company.
These changes together with a current review of the asset portfolio will position Jacka to achieve its operational goals and growth objectives.
Commenting on the Mr Cassie's appointment, the Chairman of Jacka Resources Limited, Mr Scott Spencer, said: "Bob Cassie brings an exceptional mix of skills and experience to the Company's board and management, and it
is a personal pleasure for me that we are working together again with Bob accepting a full-time MD role at
Jacka.
"Jacka has a very active schedule ahead: in 2014 we'll be working to fast-track the development time-lines on some of our African projects, while initiating significant early-stage work programs on high equity frontier exploration projects. For this to happen, we will need to add to our existing skilled and experienced team at Jacka, and Bob's confirmation as MD is part of that process."
Incoming MD Mr Cassie said: "Jacka is an asset-rich exploration company and the potential for growth is enormous".
"The Company has a quality, highly prospective portfolio of assets from huge potential frontier exploration acreage to near-term development opportunities. I'm particularly excited by the Hammamet West project, which recently has had some extremely encouraging results which I believe will become more readily apparent in the coming months."
Mr Bob Cassie - A distinguished career in the oil and gas industry
Mr Cassie has 35 years of experience in the global oil and gas business across a range of projects from new ventures and exploration to development; in a variety of environments from onshore to deepwater; and in Australia, the United States, South East Asia and Africa.

ABN 79 140 110 130

Registered Address: Level 11, London House, 216 St Georges Terrace, Perth WA 6000 AUSTRALIA Postal Address: GPO Box 2517 Perth WA 6831 AUSTRALIA

P: +61 8 9481 0389 F: +61 8 9463 6103 E: info@jackaresources.com.au W: www.jackaresources.com. au

He has worked for a range of companies, from majors to small caps, since starting his career at Esso Australia as an exploration geophysicist before joining Ampolex Limited where he held a variety of roles including as Exploration Manager in the US and Australia as well as initiating an international new ventures program in 1989. Relocating to Perth in 1994 Mr Cassie was responsible for the Western Australian exploration program, including the early work on the deepwater Carnarvon Basin. After the acquisition of Ampolex by Mobil, Mr Cassie continued to manage the deepwater gas exploration program that led to major successes offshore Western Australia including the Jansz discovery, now part of the Gorgon LNG development.
Mr Cassie joined Hardman Resources in 2002 and was responsible for the exploration project in and around Lake Albert, Uganda, which resulted in the discovery in 2006 of the first oil in East Africa. Hardman was subsequently acquired by Tullow Oil for $1.5bn and Tullow now reports 1.7bn barrels of discovered oil resource in its Ugandan Blocks. This project was also the first time the Jacka core team of Scott Spencer, Bob Cassie, Justyn Wood & Richard Aden worked together. Subsequently Mr Cassie worked for Tap Oil as new ventures manager, where he was responsible for the acquisition and negotiation of a frontier exploration project offshore Ghana and an offshore oilfield in Thailand which is currently under development.
In the course of his career Mr Cassie has had significant experience in joint venture management, negotiations and project acquisition and divestment, and his advisory work with Jacka leading up to his appointment has embraced all these areas.
Managing Director - Agreed Terms
Mr Cassie's appointment as Managing Director is for an initial term of 3 years, with a base salary of $400,000 per year, inclusive of superannuation.
He is also entitled to 1,000,000 (one million) unlisted options exercisable at 133% of the 5 Day VWAP on the issue date, expiring 3 years from issue date. The options will require shareholder approval.
About Jacka
Jacka Resources Limited is an ASX listed (ASX: JKA) oil and gas exploration and company with a focus on Africa. Jacka's key assets are located in Tunisia, Nigeria, Tanzania and Somaliland.
• Offshore Tunisia - Bargou Block, 15% - recent Hammamet West-3 well demonstrated existence of open, oil filled fractures. While testing could not be completed the results to date indicate high likelihood of commercial flows. Additional sidetrack and test to be conducted in 2014.
• Offshore Nigeria - Aje Field, OML113, 5% - field development plan for initial oil development to be completed by EOY 2013. Planning for 2014 drilling.
• Onshore Somaliland - Odewayne Block, 30% - frontier exploration block with billion barrel potential based on analogue basins. Airborne surveys complete, seismic surveys planned.
• Onshore Tanzania - Ruhuhu Basin, 100% and Operator - frontier exploration block with both conventional and unconventional (coal seam and shale gas) potential. Airborne surveys planned for
2014
• Total 2C contingent resources of 27 million barrels oil equivalent

ABN 79 140 110 130

Registered Address: Level 11, London House, 216 St Georges Terrace, Perth WA 6000 AUSTRALIA Postal Address: GPO Box 2517 Perth WA 6831 AUSTRALIA

P: +61 8 9481 0389 F: +61 8 9463 6103 E: info@jackaresources.com.au W: www.jackaresources.com. au

For more information please contact:

This document has been prepared by Jacka Resources Limited for the purpose of providing an activity update to interested analysts/investors and shareholders. Any statements, opinions, projections, forecasts or other material contained in this document do not constitute any commitments, representations or warranties by Jacka Resources Limited or its directors, agents and employees. Except as required by law, and only to the extent so required, directors, agents and employees of Jacka Resources Limited shall in no way be liable to any person or body for any loss, claim, demand, damages, costs or expenses of whatsoever nature arising in any way out of, or in connection with, the information contained in this document. This document includes certain statements, opinions, projections, forecasts and other material, which reflect various assumptions. The assumptions may or may not prove to be correct. Jacka Resources Limited recommends that potential investors consult their professional advisor/s as an investment in the company is considered to be speculative in nature.

Persons compiling information about Hydrocarbons

Pursuant to the requirements of the ASX Listing Rules 5.11, 5.11.1, 5.12 and 5.13, the technical information provided in this announcement has been compiled by Justyn Wood, Technical Director of Jacka Resources Limited. Mr Wood is a qualified geophysicist with over 18 years technical, commercial and management experience in exploration for, appraisal and development of oil and gas resources. Mr Wood has reviewed the results, procedures and data contained in this announcement. Mr Wood consents to the inclusion in this announcement of the matters based on the information in the form and context in which it appears.

ABN 79 140 110 130

Registered Address: Level 11, London House, 216 St Georges Terrace, Perth WA 6000 AUSTRALIA Postal Address: GPO Box 2517 Perth WA 6831 AUSTRALIA

P: +61 8 9481 0389 F: +61 8 9463 6103 E: info@jackaresources.com.au W: www.jackaresources.com. au

Appendix 3X Initial Director's Interest Notice

Appendix 3X

Initial Director's Interest Notice

Rule 3.19A.1

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity Jacka Resources Limited

ABN 79 140 110 130

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Part 1 - Director's relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note : In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Number & class of securities

Nil

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest

Note: Provide details of the circumstances giving r ise to

the relevant interest.

Robert Alexander Cassie & Catherine Ravelle Bardon , an entity of which Bob Cassie is a beneficiary

Number & class of Securities

75,000 fully paid ordinary shares

500,000 unlisted options exercisable at $0.20 each expiring 11 October 2015

+ See chapter 19 for defined terms.

11/3/2002 Appendix 3X Page 1

Appendix 3X

Initial Director's Interest Notice

Part 3 - Director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) o f the definition of "notifiable interest of a director" should be disclosed in this part.

+ See chapter 19 for defined terms.

Appendix 3X Page 2 11/3/2002

Appendix 3Z Final Director's Interest Notice

Appendix 3Z

Final Director's Interest Notice

Rule 3.19A.3

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity Jacka Resources Limited

ABN 79 140 110 130

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Part 1 - Director's relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note : In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Number & class of securities

10,000 fully paid ordinary shares

+ See chapter 19 for defined terms.

11/3/2002 Appendix 3Z Page 1

Appendix 3Z

Final Director's Interest Notice

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

Note: In the case of a company, interests which come within paragraph (ii) o f the definition of "notifiable interest of a director" should be disclosed in this part.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest

Jennifer Lee Aden , a trust of which Richard Aden is a beneficiary

Jennifer Lee Aden, spouse of Richard

Aden

Number & class of securities

1,000,000 fully paid ordinary shares

1,000,000 options exercisable at $0.35 each on or

before 31 December 2013

3,000,000 options exercisable at $0.50 each on or before 31 July 2014

41,682 fully paid ordinary shares

Part 3 - Director's interests in contracts

+ See chapter 19 for defined terms.

Appendix 3Z Page 2 11/3/2002

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