Ann: Results of Meeting , page-41

Good info. If J50 cost $6.5mil (fixed price), did he explain why cash burn was $13.9mil for the year? No new acquisitions, no pump for NWZ2. Maybe admin costs are astronomical?

45days is an improvement, and probably about the best we could hope for. When combined with 90days domestic sales at $22.50 versus $20 cost(ie break even), and then waiting for export license, its a long time before any JPR well can start to recoup the $6.5mil

If you're right and J51 doesnt need to be shut in and stimulated multiple times like J50, atleast that will save some time.

So all up 150days from spud until actually earning.
45day drill + 90domestic sales + 15days license approval.

So we can go to sleep and wake up in March.