The Jupiter options (JPROA) exercise at 8 cents so once the head...

The Jupiter options (JPROA) exercise at 8 cents so once the head shares move beyond that level the options should match the heads upwards movement penny for penny. Whether they will or not is another matter but the options still look to offer the best leverage as they have done all week.

This afternoon the bid offer ratio of 90 plus buyers to 29 plus sellers is the best it has been this week indicating further strength and the volume and thus value has also been stronger today than any day this week (though still just one quarter of the money chasing BCC!, a stock with nothing like the assets JPR has in Kazakhstan)

We are waiting on an announcement from JPR, either a copy of the report they made to the group of fund managers that visited the site of NWZ#2 (at JPR's invitation and expense???), a new deal acquiring some acreage or farming out Block 31. And an update on progress with the re-entry can't be far away. As interest builds anything positive will only add to the momentum evident so far this week.

We can see the shares get to 10 cents by the end of the week if there is an announcement.That could see the options at 3 to 4 cents. Nice call by the Oil & Gas Weekly in its last issue.