JPR jupiter energy limited

Shaman,Maybe I should have written about the increased political...

  1. 5,038 Posts.
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    Shaman,

    Maybe I should have written about the increased political risk over time another way.

    You actually answered the political risk issue yourself. "There’s uncertainty surrounding what happens when Nazarbayev quits or dies." Which is also what Geoff Gander said in the presentation.

    That to me is the issue, obviously with each passing day the event moves closer to happening. Hence the increased risk over time. That was all I was trying to say. Hopefully the status quo will exist, until at least the end of 2014 with Nazarbayev staying in good health.

    No-one knows what the next person in charge will do.

    The document was never intended to be that long, it was written for those people I've been telling the Jupiter story to, so they could refer to it etc.

    As they'd gone ahead and invested in the company, it was only right to back it up with written details so they could

    See how I got to the 2P reserve number for the 2 fields.

    See how I came to the minimum valuation of $3.50 or £2.25 per share during those discussion.

    Only, during the process of writing it, I looked at NPV's and Cash-flow's and realised that I was underestimating things.

    I posted it here and on advfn so that existing BB readers can see the document as well & pass comment on it, use it for there own research purposes etc. However on this occasion the BB's weren't my priority. Besides it took over 1 week to write :( :(

    I normally just post what I written while sitting at the PC, or came into my head at that time.

    I look forward to your other comments once you've digested the thesis.

    LOTM
 
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