Joewolf Agree Quite a dismal state of affairs after numerous CR's and 886,220,391 shares on issue.
They need to get a move on with funding if their estimated Sept spud for J51 is to occur.
Sept qtr expenditure consists of $5.4 mil expltn and $1mil admin. Raising $5mil would leave them with $0 after including the current cash of $1.34mil. So really they need around $6mil.
Wrt NZW2 well, I note they want to put it on pump ahead of further production testing. Did they ever report what it flowed without pump ??
Holders will be praying for a farmout or debt funding, the terms of which will indicate how good (or poor) is the current asset.
JPR Price at posting:
4.2¢ Sentiment: None Disclosure: Not Held
