new presentation

The new OilBarrel pres contains relatively little new information, rather like the recent QR, but does suggest a couple of interesting possibilities. Firstly, it seems apparent that JPR is currently actively reducing the production flows at J51 & J52 (slide 13). Whatever the reason for this, it hopefully removes any uncertainty that the lower flowrates indicated in the recent QR reflect a new norm for those two wells. Second, and perhaps most pertinently, looking at slide 9 it seems difficult to imagine that J59 won’t be a strike. Bearing in mind that this well (supposedly) spud in late Dec and also that JPR has previously completed wells in about the period that has already passed since the spud, I’d be a bit surprised if they don’t have a good idea of the outcome by now.

Slide 14 also seems to imply that JPR is seeking additional acreage. This could be interesting for possible eventual reserves numbers, which are already likely to grow very significantly given the success of JPR’s drills to date. Looking at slide 6, it appears as though there’s likely potential for new acreage to either the west or east of the existing southern extension acreage, or possibly also to the south-east towards the existing Zhetybai field.