An excerpt from the Pursuit report of March 23. This may be of interest to holders of JPR who have an investment horizon of longer than a few weeks or months.
"Going forward, the development of the field will largely be driven by the results of drilling and to a lesser degree, the level of funds available to the Company.
If the outstanding Options are converted, we expect the Company to have sufficient funds to drill up to 18 wells between 2010 and 2015. If the Options are not converted and no other funding is available, we expect eight wells to be drilled over three years, with the remainder of the 18 to be funded out of cashflow over the following five years."
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