Hard to know for sure what's been going on lately, management has been very quiet especially considering the previous frequency of updates towards the end of last year.
Thus far there have been no updates on the production testing of J-52 or th J-50 trial production license application this quarter as promised and most self-imposed milestones by the company seem to be coming in behind schedule.
I think most long-term JPR investors would roll their eyes at anyone suggesting that this company's management have previously demonstrated 'complete managerial integrity'.
In fact the suggestion that oil exploration = complete managerial integrity is laughable really considering the records of other industry players in this sector. Shell and BP would be obvious examples.
The only thing going good lately has been the share price and for most that's all that matters ;-). For the more conservative of us though we'd like to see some detail.
JPR Price at posting:
79.5¢ Sentiment: ST Sell Disclosure: Not Held
