JPR jupiter energy limited

I'll stick my neck out and say I disagree with phoneman. Yes the...

  1. 5,038 Posts.
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    I'll stick my neck out and say I disagree with phoneman.

    Yes the McDaniel numbers are not the best, but they were doing the report from a debt finance point of view.

    Jupiter simply gave themselves too much to do in a limited timeframe, trying to juggle 4 wells at the same time for a company of our size was not on, especially when the testing and work rules are so tight within Kazakhstan, 90 days per zone then shut-in, even if your not working on it for that length of time. They would have been better holding back on J-59 for 3 or 4 months.

    That's why the McDaniel numbers are low, because they don't count any of J-53, J-55 and J-59. Once Jupiter can go back to these wells and get them working effectively, then the McDaniel numbers will rise considerable.

    Personally I was much more interested in the RES c1+c2 numbers, I had a feeling a while back that the number might just top the 100 million barrel mark and it did :) :) very significant I feel going forward.

    To me, totally undervalued and if I had any spare cash I'd be buying some more shares, to tuck away for the next year that's for sure, because the upside is multiple times the current share price.

    LOTM
 
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