Big ann out with JPR looking to purchase 50% NWZ oil field. Looks like a pretty big undertaking with JPR needing to come up with $6mil initially with further $6mil to complete transaction. JPR reckons there 36mmbbls oil down there. Successful acquisition of block 31 complete, planning that block 32 should be sweet and also getting NWZ. Looks like lots of potential and upside versus the capital raising required which you would imagine should be alright with recent company achievements and oil price...
JPR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
