nearly out of the starting stalls, page-7

KR wrote
"They already have the half a brick in the bamk so can do it alone."

Yep, just listened to brr interview which confirmed the first well funded by existing cash

What about debt referred to in note 5 of HY report

""Last financial year, the Company entered into an agreement with Zher Munai LLC and Biscra Holdings
(together the Vendor) to seek an extension to Block 31 and obtain an additional 25 square kilometres of
exploration acreage, situated between Block 31 and the existing North West Zhetybai oil field.
Under the agreement a success fee of US$3,500,000 (AUD$5,072,697) is payable once the extension has
been granted and all government approvals have been received by the Company.
Government approval was granted on 31 October 2008 thus making the US$3,500,000 due and payable.
However, as a result of the significant decline in the world financial markets, JPR is currently not in a position
to pay the vendors a full cash settlement and has agreed that payment will be made once a new joint venture
partner is identified to develop Block 31. If no such partner is able to be found, JPR has agreed to settle the
outstanding amount via the payment of cash and the issue of JPR shares. The exact quantum of the cash
and scrip payment to the Vendor will be subject to further negotiation between the parties.""

Whats the general consensus on JPR's ability to successfully farmout Block 31 ?

Should we be anticipating a share issue or partial farmout/share issue, or, are most on this forum expecting JPR will get a farminee/funder to repay their USD3.5mil debt and fully fund block 31 drilling/development.

Btw, I bought a small parcel of JPROA today