Ann: Trading Halt , page-20

Squidgy, thanks for the COS clarification.

Financial risk when drilling is another factor.
I recall a few of us on this thread were expecting JPR to topup cash prior to J-50 spud.
JPR have now seen fit to do a placement at a somewhat inopportune time, ie halfway through a make or break well.
Obviously they were hoping for earlier drilling success, higher sp, and even options exercise ?
Interesting to see how much the placement will be for and at what discount.
Value of JPR per shares will now have to recalculated on a higher total number of shares on issue basis.

Point is, we make money when sp goes up, simple as that.
In this case, we could have commercial success but the sp could still perform poorly due to CR overhang/dilution.

Lets see what the placement terms and use of funds are..