Hello all.One of numerous articles to remind us of past and...

Hello all.
One of numerous articles to remind us of past and present.
I think the management of JPR is now much improved.
I think the likely outcome of J-52 is probably a positive.
Regardless of the outcome of J-52 we will have a further cap funding next year.
I like the company's revised direction and new management.
I think we will see better control on finance and value for money in exploration.
In November management stated 70 days for J-52.
Mid Dec we will have a update. Xmas we will know perhaps what JPR have.
Pasted article............ So, with this reminder of past fallibility, and the usual warning of caveat emptor, we throw into the ring the world outlook from the International Energy Agency.
It sees the area around the Caspian Sea as the big new energy story.
The main focus is on Turkmenistan, Azerbaijan and Kazakhstan.
The latter will experience the fourth largest growth in oil and gas output until 2035, after Saudi Arabia, Iraq and Brazil.
Last year, the Caspian region produced 2.9 million barrels of oil a day and is expected to peak at around 5.4m barrels a day between 2025 and 2030.
The IEA report would normally have been noted just in passing but for coincidence: the release last week of two broker reports on an oil explorer active in Kazakhstan.
Jupiter Energy (JPR), whose shares last traded at 3.5c, is rated a speculative buy by Patersons Securities. The analysts are impressed by the fact that Russian-backed Waterford Group has taken a 27 per cent stake in the junior, as the fund has made several winning bets on explorers in the past.
Jupiter's main asset is a wholly owned block in southwest Kazakhstan, with one well tested at 360 barrels of oil a day.
Patersons says the success of this well has not translated into any share price gain for Jupiter because of the time it took to get the well online, the amount of money still needed to explore the acreage, the fact that oil must be sold domestically at a discount until a production licence is granted and the need for the market to see further successes on this block.
Waterford is putting up cash and the production licence is expected by year's end. But it all now hangs on well J-52, which is targeting an additional 22 million barrels of oil.
If drilling does hit plenty of black gold, Peter Strachan at Stock Analysis sees a target share price of 10c. He notes Waterford's deep pockets and that the fund is bringing in Russian-speaking staff with experience of Soviet-era wells to help run the operation.
Strachan says shareholders and day traders were unrealistic in expecting the first successful well to provide export sales and self-sustaining cashflow.
This is something for the longer term. He notes that Waterford is looking for a return of between 10 and 20 times on its investment. If there's plenty of oil, that is.
follows .
Davo give us your thoughts and others but not so much what I post as more for what we can expect in your views re JPR and future.. All the best to all and our exposure to JPR fortunes. 247