new corporate presentation, page-6

Hi guys

I'm starting some DD on JPR.

My initial scan of the company info has so far highlighted two things you might be able to provide some info or comments on.

1. I noticed in the August release on oil sales that the new contract price was a low US $52 a bbl, pre transport and storage expenses (payable by JPR) of US $6 a bbl, for a net US $46 a bbl. Why so low a price? All I can assume is it's some government mandated 'domestic' price for oil, but I'm not really sure.

2. The performance options issued to directors seem incredibly generous, both in terms of the sheer numbers of options being offered, and a lack of a mandated exercise price. What gives?

Any views would be appreciated.