JPR jupiter energy limited

On 16/3 we started 90days of testing on Triassic zone. So far we...

  1. 7,746 Posts.
    On 16/3 we started 90days of testing on Triassic zone. So far we only know the 'clean up' rate of 750bopd. We will get an update on stabilised flow rates.

    Also that they have completed 90days and are moving on to another 90days testing of Jurassic zone.

    So mid June is the announcement for moving up, but we may get an update on flow rates before then.

    We are also expecting further reserves upgrade, but that will be around the same time. It will use info gathered from the 90days testing.

    We are expecting TPL for J50. Could be anytime now. Followed by info on J51 spud. Will happen quickly once granted.

    Update on NWZ2 but that will probably be after J52. We cant afford to buy a pump and spud J51. I know which one is more important and better use of money. Remember the pump they are looking at is only capable of 200bopd.

    AIM listing/funding update.

    So potentially a quite period, but also potential for a TPL anytime which will catch market by surprise. Or a stabilised flow rate update.
 
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