There is so much posted on this thread that is presumed to be true or real without conclusive (or any) evidence presented by the posters - speculation and ramping at its best by those with their own agendas.
It may be a good time for serious followers to visit or re-visit the Pursuit Capital release 23 March 2010 where the situation is clearly defined.
http://www.jupiterenergy.com.au/files/news/Pursuit_Jupiter_CORP_230310%28FINAL%29.pdf
JPR 2P reserves of 8.6mmbbl have been independently confirmed and have an intrinsic value-in-place presented by Pursuit; but viewers might like to check out other valuation methods at:
http://eser.org/oil-and-gas/Determining_Fair_Market_Value_for_Oil_and_Gas_Properties#Price_per_Barrel_of_Reserves_in_the_Ground_Method
At the current mc the oil in ground is only valued at $3-84 a barrel without taking into account other JPR assets.
Good Oil...NO! undervalued oil; way undervalued oil in a Company with good management in place.
reality check
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