The only issue with waiting for oils sales to fund the shortfall is J50 is shut in for "several months". J52 is exploration well and will also need 90days plus the wait on TPL.
So no oil sales seem immenent.
Even with a small cap raising, J51 cant spud until TPL. So lets hope its granted soon. I wish they would elaborate on conditions for the TPL so we can assertain if risk is present.
I think with the TPL delays, everything has fallen behind schedule. That means more time and more administration expenses. I doubt J51 will be funded without a cr.
$16.6mil raised, $14mil in bank. All expenses to come out of the $14mil. So the cr fees were $2.6mil? Thats a serious way to line pockets. Maybe a bit of that goes to Biskra, who is probably related anyway. They seem to skim off everything these guys.
Vote YES for pay rise. They will take it anyway.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
3.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.42M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5007 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 200000 | 1 |
View Market Depth
| Last trade - 16.21pm 16/07/2025 (20 minute delay) ? |
| JPR (ASX) Chart |
Day chart unavailable