Zipperlip,I would say the answer to your question lies in the...

Zipperlip,

I would say the answer to your question lies in the timing of the J-51 flow-test results.

If the results are announced after the AIM listing then I do expect to see some buying of the stock on the news especially if the well does 700+ bod during the test.

The AIM market can make a big difference to the share price if the right people get involved and a good stream of news flow follows.

Also most people buying through AIM will be new investors to JPR, so that will tighten the market in the shares as the hold onto them for the medium -long term, the Market Makers will aso have to acquire stock from somewhere as well, so all should be positive to start with provided the 2 main shareholders don't loan stock to the MM's!!!

I don't think the AUS price is strong at the moment and the consolidation has not helped matters at all, it has killed trading in the stock compared to before and the price spread is now wider than pre consolidation.

However some good news from J-51 and a further update on progress from the company on when production is likely to start from J-50 and J-52 will help as well.

Personally the key date will be when they get to sell oil on the open market, that's when the shares will get a re-rating and should leave the current shareprice well behind. They should be doing 850+ bod from the 2 wells and J-51 might not be that far behind them from going to open market sales (early Jan - if you say 2 months to get the data needed to keep the government happy as to its producibility) that would then give you 1350+ bod with oil prices in peak winter conditions, with J-53's initial results out about then too!!!

LOTM