JPR jupiter energy limited

production testing vs trial production

  1. 1,071 Posts.
    This topic is getting very frustrating with the mis-information and confusion out there. I think it has impacted the share price movement in some way and I am more frustrated that JPR has not explained it more clearly in the news releases. Right, so lets spell it out so we are all on the same page.

    Production Test (90 days max allowed period)
    - Domestic market sales. Requirment in order to get Trial Production License from Governement.
    - Should know flow rates very soon and generating income during production testing.

    Trial Production
    - Export and Domestic markets.

    I suspect this has confused many investors, even the smart ones :o). Fact is we are only a few weeks away from actually producing oil through the production testing. We will also know the flow rates.

    The only thing that has changed in the plans is that NWZ 2 will not be put into production testing in parallel with J-50 but sounds like it will happen soon enough though. Focus is on J-50 and rightly so.

    Hope this clarifies the situation and that those selling or waiting for 3 months testing to be complete will be missing out. You have weeks and not months to get in (or out).
 
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