400.
They said they would be cashflow positive in 1H 2011 with J50 NWZ2 and J51 on production.
I'm just working backwards.
Spending $4m in 1Q 2011 they would need 108108 barrels for the quarter to break even @ $37 income.
That's 36036 barrels per well per 90 days.
400 bopd.
It all depends on their quartely projected outlay.
If it's only $3m per quarter it's just over 300 bopd to be break even. At 400 they would be making a profit by growing organically with $3m spent per quarter.
I'm just guessing on their quartely spending.
closest to the pin comp., page-12
Add JPR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $33.13M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 344067 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 46142 | 1 |
View Market Depth
| Last trade - 16.12pm 17/10/2024 (20 minute delay) ? |
| JPR (ASX) Chart |
Day chart unavailable