JPR 0.00% 2.5¢ jupiter energy limited

jupiter confirms commercial rates , page-25

  1. 14,880 Posts.
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    Not much to say really. Just confirms my thoughts on circa 400+ bopd and de-risks the block considerably.
    Using say 450 bopd average, that will bring in net revenue from September of circa US$5.6M annually. Nice launching platform for developing the entire block.
    8.6M barrels of 2P reserves in the Triassic alone means the market is valuing the oil in the ground at AUD$4.30 per barrel. Ridiculously cheap but that's the market right now. Happy to hold for J51 and J52 and see where this can go.
    NWZ-2 should add another 300-400 bopd as well.
    On target for 1000+ BOPD, 100% owned, by year end with J50, NWZ-2 and J51 (step out well to J50).
 
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