hi guys,according to the coy website, announcements, broker...

hi guys,

according to the coy website, announcements, broker reports etc; there are a few statements/comments of which are appealing to me and imho i do beleive many investors, insto's,big players, traders alike might enter the register as Jupiter may be transforming from a explorer to a PRODUCER:

Ten international fund managers visited Block 31 last year.

coy anticipating >500 bopd flow rates once tested J-50

Commercial discovery with J-50 well

Nett pay increase by 28%

Expectation is to have J-50 on trial production by early 3Q 2010. Sales into the export market are expected to commence at this time.

The J-51 well will be a step out well from the current J-50 location and will aim to produce from
the same Middle Triassic reservoir as J-50.

Strong UK and Australian institution interest in JPR confirmed with $A6.5m
raised via a placement in April 2010.

The Board is extremely optimistic about the future and expects to see the Company in a positive
cashflow position during 1H 2011 when export revenues are being achieved from the J-50, J-51
and NWZ 2 wells.

Ultimately any oil explorer will be judged by the success of its exploration and drilling activities and the quantity of oil it is able to bring to surface for sale into the world market. As of today,
JPR is on the crest of moving from explorer to producer and the next few months will be pivotal
for the Company.

PS: can anyone provide some estimates/predictions on sp and the options if J-50 flows at 500bopd?
dyor