Like the April contract, under this sale arrangement the cost of transportation from the field and storage at the facility is borne by Jupiter.
The sale price of ~$US52/barrel adjusted for the budgeted costs of transportation and storage at ~$US6/barrel, equates to a net price of ~$US46/barrel.
The total amount of $US730,000 has been prepaid and all monies received. Oil deliveries under this contract commenced on 17 August 2012 and are anticipated to be completed by 1 September 2012.
Share price at lows time to Buy
JPR Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
