JPR jupiter energy limited

clive..what made you sell right before the reserves upgrade? It...

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    clive..what made you sell right before the reserves upgrade? It might be big. You held for so long its ashame to sell them off right before a potential re-rating announcement. Just a reminder..this is from the SCE research report from the website.

    "Production plans JPR is planning to fracc its two discovery wells to enhance productivity. The fraccing is scheduled for March 2011. Flow rates of 500bopd per well would be a good outcome according to JPR. If the results are good on the Z sand of J-52, NWZ-2 will also be fracced.

    http://www.jupiterenergy.com.au/files/news/Sourthern_Cross_-_3_March_2011.pdf

    So 500 BOPD were to be a good outcome for J-52 but the frac results came back and she was flowing at 750 BOPD. The Senergy reserves update should of been out today..so surely it must be close. Possibly we are delayed as revisions were needed due to the 750 BOPD flow rates recently tested from the J-52 well?
 
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