Past year: ▼ 50%(1.50c – 3.00c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
27 May 2009drilling scheduled▲ GoodMajor
JPR plans to re-enter the old Soviet NWZ 2 well on Block 31 (about US$500,000, said to be fully funded), with a rig by mid-August 2009 and oil expected by November, targeting about 200 bopd. A new Akkar N extension well is planned from Q4 2009, with funding or farm-in still open.
17 Dec 2007farm in farm out completion▲ GoodMajor
First Kazakhstan acquisition, Block 31, completed after shareholder approval and the KazMunaiGas waiver. A non-binding MoU is signed for a significant interest in an existing oil field, completion expected within two months. 3D seismic to start early 2008; management sees potential for 20m barrels.
