Essentially without the necessary infrastructure in place the oil has in the past been sold straight to trucks and now I believe a train may be involved. If we could sell the oil to the refinery through a pipe line etc we would get a higher price. I believe they are instead putting their money into developing new wells as there is only a small amount of time till that license ends. And with the low price I don't think anyone is in a rush to get the other wells flowing which have greater flow rates. Hopefully and I was hoping this would have happened by now once the next set of wells have been drilled including in the new field we would then be able to focus and getting infrastructure in place (which money will need to be raised for I assume). Then there is a 20 year window for production. This is all my conjecture but i think I am close to the mark. That is spend money on finishing drilling possible site (while paperwork for other wells is done), then spend money on infrastructure, so maximum profits can be made with all wells online.
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- Price per barrell seems too low.
JPR
jupiter energy limited
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Price per barrell seems too low., page-2
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Last
2.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.14M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 250000 | 2.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.3¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 250000 | 0.029 |
1 | 300000 | 0.017 |
2 | 64889 | 0.016 |
1 | 10000 | 0.010 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 200000 | 1 |
0.035 | 3134 | 1 |
0.044 | 248023 | 1 |
0.045 | 70000 | 1 |
0.050 | 170000 | 1 |
Last trade - 14.59pm 22/07/2025 (20 minute delay) ? |
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JPR (ASX) Chart |
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