Working out the time difference, it's now 7:30am in the UK, so the news has only just been released to AIM (at 7am). The UK markets will open at 8am.
This is excellent news - bang in line with JPR's expectations. I wouldn't get too concerned over future funding etc at this point. JPR is fully funded for J58; will have the new CPR in early 2013 which will hopefully push up 2Ps perhaps to well above 40mmbo recoverable (maybe to close to 50mmbo?); will have J51 & J53 moving to longer-term TPL production; and will have additional revenues from the test production from J55 and eventually this well also onto TPL. More cash will be needed at some point, but there'll be a significant stream from production revenues to assist with future OPEX / CAPEX.
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Working out the time difference, it's now 7:30am in the UK, so...
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Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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2 | 204963 | 0.025 |
1 | 25000 | 0.018 |
1 | 3056 | 0.016 |
1 | 10000 | 0.010 |
Price($) | Vol. | No. |
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0.039 | 580000 | 1 |
0.045 | 22000 | 1 |
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