re: Ann: Independent review upgrades Block 31... I'm not sure there is a need for farm-ins, cap raising etc so I'm not going to buy into that conversation but one thing I do agree with GO on is that flow rates are EVERYTHING to JP at the moment. You can have a billion, 10 billion barrels under the lerase but it means NOTHING if you can't get it out at some decent rate! JPR needs to crack 1000bbopd to warrant a rerating and after THAT this stock might rate all this attention!
Any more capital raisings (except via debt) and any hint of farm-in etc and the management will have proven they are short-sighted and out of their depth! The share price will plummet if JPR doesnt stand on its own two feet from here in my opinion!
Rusch
Ann: Independent review upgrades Block 31 resourc, page-58
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Mkt cap ! $38.23M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 227380 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 48118 | 1 |
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