chinese interested in kazakh oil , page-10

Sorry guys and girls, i would have to agree with gibba and good oil in that no one is looking at JPR at the moment or the next yr. This is an exporation company, it doesnt have one or two yrs of consistant production records, where one can make a sensible decision to take over JPR because its undervalued.

As for the ten fund managers. They would have told JPR management to come back and see us when you find oil in both wells, before that we are not interested. Do you blame them? For most of us it's a calculated gamble with our own money. For fund managers its someone elses money.

With GG being a good deal maker, before the GFC, he did organaise a 25m loan from macqauries to buy more acerage. If it wasnt for the price of oil collasping we most prabably would have had more acerage and production. But when the deal went sour, so did the share price, thats why this time round i think he is more careful and no additional acerage has been secured