JPR
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15.4% 3.0¢ jupiter energy limited

something up to this one, page-44

  1. nathanblack
    7,746 Posts.
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    25/04/11
    09:21
    Post #: 8310279
    TPL = Trial Production License.

    It allows the company to export any oil it produces. Without a TPL the company is restricted to 90days of domestic sales(at cost price) then shutin well.

    The terms of the lease are 25years for production.

    Decline rates are quite low in the region. About 5%, so the wells should produce profitably for many years.
    JPR Price at posting: $1.11 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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