new gang in charge, page-4

100% correct.

Obviously they came clean about paying Biskra the difference of 6.5c and the price they sold shares for. So some of the money goes on that.

Then we know cr have fess attached. I think (from memory) 4% in this case.

Still leaves alot for "administration" expenses for such a short timeframe, especially considering J50 is shut in. And J52 is yet to spud. They are getting paid to do nothing right now.

Busy preparing TPL paperwork that should have been done months ago?

Goes to show JPR were close to extinct before this cr. They must have had zilch in bank. And they had immediate funding needs, hence the quick cash from 15% placement.

I hope J52 is 70days or less and spuds on time. If they start making excuses about weather or funding or slow rig, this company will lose all credibility.

Right now we have hope. New directors = New JPR. Lets give them another last chance.