Bumskins, $300mil market cap for a company producing no oil may seem a tad high. But in the future their is a small chance of producing a combined 1000bopd from J50, J52 and NWZ2.
That may not seem like much, but at $22.50/bbl it all adds up. Sold at cost.
Their is even a chance that JPR will be granted a Trial Production License(TPL) and be permitted to sell oil into export market. They would make about $35 profit per barrel.
1000bopd x $35/bbl x 330days = $12mil
$300mil would be PE of 25.
Now that $12mil can be put back into the company and pay for a whopping 2wells that will increase future profits. They might buy another pump for NWZ2 with higher capacity or they might acquire another project.
Things are certainly looking ^
Bumskins, $300mil market cap for a company producing no oil may...
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Last
2.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.14M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 102170 | 2.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 3134 | 1 |
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| Last trade - 16.21pm 01/08/2025 (20 minute delay) ? |
| JPR (ASX) Chart |
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