JPR 13.8% 2.5¢ jupiter energy limited

something up to this one, page-30

  1. 7,746 Posts.
    Only the discovery well needs to go through the process of TPL. But it is an onerous task. You need to document the actual well and the plan going forward from environmental and other viewpoint.

    Once granted, the step out well will be a breeze.

    The delay originally was due to change in minister for oil portfolio. But it is obvious with J50 that the paperwork wasnt up to scratch. Because its been way to long. But they will overcome any issues.

    J52 is likely to be faster IMO. They will be more familiar with the application process and the documentation.

    The stupid thing is the TPL is seperate from the testing phase. ie the well is shut in and the government gain nothing by delaying. I could understand if while waiting we were required to sell oil domestically.

    We want to start earning and government want our taxes, so lets get on with it. I understand they want to make sure the community and environment are taken care of, but its time to grant us the TPL.
 
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