The presentation looks good and I think there may be a couple of particular points of interest:
* Well J59 (the 3rd well in the southern extension) is mentioned several times as being potentially imminent, subject to a successful test at J55. I didn't think they had sufficient funds currently for J59, so the suggestion it could spud imminently (by late Dec) may imply some progress with funding or that JPR has managed funds carefully so as to have sufficient cash to fund the well;
* Given that J55 reached TD some time ago, one has to consider the possibility that they have a good idea of flowrates by now. Mentioning success at J55 as a possible basis for spudding J59 would seem odd if J55 was shaping up to be a lemon - why would you say this only then to inform investors that J55 is poor and therefore the spud of J59 won't happen?
On balance, I think there appears grounds to speculate that the above can be taken positively.
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