performance shares are paid if the market cap reached a minumin of $100 mill ''OR'' 150,000 barrels of production.
Its a big differnce when the OR bit comes into play.
Below is the 47,000,000 shares which are not related parties of JPR and are mainly UK based institutions (asx ann. 16/3/10). Not sure why mison and martens are on the list!!! Drilling update asx announcenent 17 march 2010 it says that MARTENS has no material interst in the company. Maybe he dump his shares already???!!! maybe theres a different martens????? Not sure who are the Insto's from the list. They are all nominees...
darlington portfolio nominees 3,500,000 shares
darlington port nom. 1,200,000
smoth ans williamson 5,000,000
savoy invest manag. 2,250,000
credit agricole cheuvreux 393,701
Bank of New York Globalcust 5,905,102
Forest nom 3,937,008
jm fin no, 9,527,559
silverlight 1,000,000
Merril nom. 750,000
Merril nom. 2,750,000
jo patoir 1,164,000
paul Cooke 250,000
advanced feeds 450,000
cs fouth nom. 2,000,000
fencourt 350,000
pormore cop 350,000
cleveland pl 222,222
Mr byass 777,778
tt nichols 1,000,000
great Eastern Holdings 500,000
valadan pl 1,500,000
slade techno pty ltd 1,000,000
K MARTENS 1,000,000
MISON 133,333
MISON 88,887
This is why I sold out and wont ever be back. The stock could go to $1.00 but it not matter as it easily go back to 1 cent. This is not advice in any way and just my opinion.
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