massive order, page-9

Bumskins, sorry I did not reply to your post yesterday.
On cash flow I'd agree with you no way is Jpr gunna be a 10 center for any time soon. But on there assetts and future possible earnings then I think 10 cents is not unrealistic. I have several other examples and companies I could compare with. SEA is on with a market cap of about $250mill. They are producing about 750bopd only at present.
They were a 3c stock for a short time a year or so ago.
There assetts are in the ground which as a asset.
JPR have the same.
They are in farmouts and have a rosy future as long as Oil is over $80 a barrel.
I think Jpr will more likely try for a farmout to supply cash unless a Cap Raise is greater than 6 cents as a ball park figure.
Waterford put more than 7 mill into this company with a ongoing commitment. They will not want to dilute there hodings in other than a premium of 6 to 10 times.
A paste from them last year.
Waterford, confirming that the organisation is fully committed to the
development of Jupiter Energy into a leading E&P company in Kazakhstan.
We have a very interesting company now with some good future development this year. 247