Hi guys. I am still holding JPR from 3.8 but see that the future ahead is rocky.The DOW futures are currently down 200 - not a good feeling. Anyway I thought I would throw this out again from last ann't:
"The Company is in the process of testing and cleaning up J-50 well prior to a 3 month production testing phase. It is expected that once this work has been completed, a sustainable production flow rate representative of the J-50 well's long term productivity will be known. The Company will announce the results of its forward program, including the sustainable production flow rate on the J-50 well, post stimulation and clean up in due course. The North West Zhetybai 2 (NWZ 2) well will be put onto production test as soon as the J-50 product testing process is bedded down and all the key paperwork has been completed. Initial flow rates from NWZ 2 are expected to be announced in June 2010"
I still see this as meaning that we will have no news until some time in June for NWZ 2. When is the 3 months up for J50? So if world markets are going to drop further, AND no news is coming within a couple of weeks, what is there to hold the sp up? People are going to sell to cover their arses if they have to.
Here is the latest chart. All indicators point down, albeit on lower volume today.
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