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20.0% 3.0¢ jupiter energy limited

if anyone interested Patos put out an update...

  1. surferST
    413 Posts.
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    07/10/10
    17:20
    Post #: 7296265
    if anyone interested Patos put out an update yesterday...

    http://www.jupiterenergy.com.au/files/news/Broker_report__06_10_10.pdf

    Highlights
    Funding secured to progress block 31 development
    Encouraging J-50 well results but slow progress
    Waterford Group now a cornerstone investor
    Resource upgrade late 2010/early 2011

    We maintain our SPECULATIVE BUY recommendation and
    price target of $0.13/share but highlight the successful
    appraisal of the next two wells (J-52 and J-51) and the
    granting of a trial production license (allowing JPR to sell oil to the export market) as the key risks and catalysts.

    Not so sure about the recommended price target but then again their last was even more random...
    JPR Price at posting: 57.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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