appointment of managing director, page-27

Roamer,

I'm with you on being positive on JPR in the medium/long term, but short term success is still uncertain otherwise SP would be above current levels.

If we have 2 producing wells at 1000 bbls per day each, then you are right SP could be 14.5 cents by year end 2010 and we would all be happy for director to collect their 5 million x 14.5cents = $725,000 bounuses.

However, if output is at a lower level and SP is only 8 cents, not sure directors would have "earned" their 5 mill x 8.5 cents = $400,000 bonuses.