"ck, I'm not shy"
Thats good.
As can be seen from the latest JPR balance sheet, the carrying value of the Biofuel project is zero.
I suggest that the scope of the hoped for capital reduction and option reset when Jupiter Energy spins-off its biofuel assets is ... how shall I put it ? .... limited ????
JPR Balance sheet as of December 2005 (options already listed at that stage) :
---------------------------------
Cash assets 1,068,962
Receivables 24,020
Bonds 32,220
Exploration expenditure 1,490,293
Plant and equipment 27,916
Payables (8,534)
Other (25,000)
Other (806)
Total Equity 2,609,071
----------------------------
Carrying value of biofuels project ? Zero
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