JPR jupiter energy limited

Worth doing some research lads. Where did the forum get the...

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    Worth doing some research lads. Where did the forum get the general idea that this re-entry would flow 500bopd? Point 3 below clearly states the companies 'expectation' for 200bopd. I would speculate that J50 would be similar. DYOR

    27 May 2009
    JUPITER ENERGY EXPECTS OIL PRODUCTION IN 2009
    HIGHLIGHTS
     Results of 3D seismic show that Block 31 has at least 4 key targets with
    potential for over 25 mmbbls recoverable.
     At $US60/barrel oil, netback potential on the overall permit stands at over
    $US600m.
     Initial drilling target will be a re entry well which is expected to be completed
    by November 2009 and flow 200 barrels of oil per day.
     Logs for NWZ 2 indicate a discovery was made when initially drilled, with 30m
    of net sand from the Jurassic flowing oil on test.
     Government approval process for the re entry of the NWZ 2 well has
    commenced with a rig expected to be in place by mid August 2009.
     Program expected to take 50 days followed by 3 months of production testing.
     Re entry program is fully funded.
     Proposals for drilling of an additional two new wells on the permit are now
    being considered along with various funding proposals.
 
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