There really needs to be a way to export at higher prices, it is crippling the company at the moment with the debt repayments. $31 USD/barrel is too low, if the domestic market is flooded with supply and there are no viable export channels, what does JPR do? Can't really sell it at a premium at the moment, it sounds like something that Kazakhstan itself needs to help resolve with the taxes in place. Increasing production is always good, but once again need a larger market to export to at a premium. Can't really repay $16 million USD of debt when you're banking 300k a quarter. The interest repayments as of December 2024 will be a big hit to the balance sheet.
JPR Price at posting:
1.9¢ Sentiment: None Disclosure: Not Held
