operations update and new appointments, page-8

Brilliant post Onceover. I don't post on JPR much anymore because there isn't much to say.
All along I have said that ultimately JPR's future will depend on how much oil they extract from Block 31 and sell into the international market.
Some people on here have gone on and on about GG and DT and how poor they have been. I actually think they have done a very good job in difficult circumstances. Operating in a foreign country without sufficient capital is next to impossible. Lack of capital will destroy most companies, let alone operating in a place such as Kazakhstan. They have rectified this by recapitalising the company. This current well is a defining moment. If it's a failure, then I will re-evaluate but if it's a success, a substantial re-rating will take place and sow the seeds for quick development of the Triassic and Jurassic reserves under Block 31.
Downside to 2c and upside to 10c initially and 20c+ on further success in 2011/12. All in my opinion of course. Looks like a nice risk/reward ratio to me.