patersons note update 6th october

if anyone interested Patos put out an update yesterday...

http://www.jupiterenergy.com.au/files/news/Broker_report__06_10_10.pdf

Highlights
Funding secured to progress block 31 development
Encouraging J-50 well results but slow progress
Waterford Group now a cornerstone investor
Resource upgrade late 2010/early 2011

We maintain our SPECULATIVE BUY recommendation and
price target of $0.13/share but highlight the successful
appraisal of the next two wells (J-52 and J-51) and the
granting of a trial production license (allowing JPR to sell oil to the export market) as the key risks and catalysts.

Not so sure about the recommended price target but then again their last was even more random...