Good point Match! The company directors must know what they have over there. And I don't just mean this well, it is obvious that this isnt the main game. The picture appears to be much larger.
To justify even bothering with performance options that kick-in when the company reaches a market cap of $300m (6 times the current market cap) suggests they know that with success here they will be drilling many more wells in the region with equal success.
I guess what I'm saying is we need to realise the main game is not this well, it is much larger than that! So no point selling on this announcement as there is much more upside I reckon, in the weeks and months and years ahead.
This is just my 2 cents worth but I'm predicting the 10c valuation mentioned earlier is just the beginning and holders should be happy they are now part of JPR on the ground floor. Many will be happy to buy at increasingly higher levels as we move into producer status in the weeks and months ahead.
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