Now folks, did I not say the market does what it does?
I suspect some short term traders and/or people who bought more than they could afford are dumping.
Facts are J50 is a producer. I'll bet flow flow rates improve after clean up. They normally do. "Primarily oil" means more than 50%....a lot more. 51% would mean "majority oil".
J51 will spud in June/July approx 400m away from J50. Same reservoir, same Triassic sand.
NWZ-2 will be put on production test as well.
Not hard to see three producing wells by end of July with a total of 1600+ bopd.
1600 bopd X US$37 X 365 days = $23M per annum net revenue. What about J52 and J53? Targetting the Triassic and Jurassic. Add that in.
Market cap $50M. No brainer IMO on a short/medium term view.
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Last
3.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.42M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300000 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 50000 | 1 |
View Market Depth
| Last trade - 16.21pm 15/09/2025 (20 minute delay) ? |
| JPR (ASX) Chart |
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