surely has to move north soon, page-54

Melua has always been very honest IMHO, and as he participated in the placement and has stated he now has the shares and that the end price was 6.5c, I'm satisfied.

Good Oil and Gibba have stated that a "haircut" may happen. The market may not be 100% convinced either way, so it will be interesting the timing of the 3b and how the market responds.

Also downside posted that ML had been a net seller of 100mil shares, so will be interesting to see the change in sub notice and confirn who the seller is and how many remain.

If their are two major sellers MH(on behalf of???) and CS(on behalf of Indian Oceans), that in itself explains much of the sp drop. All sellers must eventually cease, and usually the bounce is quick.

With the well being shut in, and then various chokes trialled, im not sue how long it will take for an update on improved flow rates?

Overall market conditions will probably be rough for awhile yet.

But honestly, at 4.3c, JPR could never drill another hole, and rely on just 220bopd and NWZ2. We would still come out infront.

So provided you have some belief in the Block31 then it must be great value.