Jupiter Energy Share Discussion Threads

[7kiwi] 08/2/2013 10:29

1st CPR won't include J-59; but they anticipate a further update to the CPR in April/May time with the J-59 results.

[last of the mohicans] 07/2/2013 20:47

7Kiwi,

The funding news has been there a long time. They have been very open about needing cash to develop the fields going forward.

The last cash raise was for the J-59 well which they didn't need to drill right now but chose to do so, even although they had to borrow $3m to fund it, via an unsecurred loan @ 15% P.A -ouch....

Yes I wasn't too happy about the interest rate but when you look at it further, you realise they could easily have got that money from either of the 2 big investor's, done a small placing or forward sold some of the growing production (remember they forward sold @$2.5M easily last year in 1 go). The fact they chose not to, says they really don't want any more equity dilution at this sort of share price.

I think debt finance for a large part of the funds required is on the cards, which will be a game changer, because I think lots of institutions think a big equity raise is on the cards and are hoping to get into the stock that way. If it doesn't happen what will they do then? have to buy in the market if they want in. Which is really good news for existing shareholders.

The other point, to me, is that it raises the likelyhood of success at J-59, if they thought success was either a low or average possibility then why do it now & borrow to do so?

So I'm pretty confident that they will have a 7th consecutive, successful outcome with J-59, which will add a considerable amount of reserves to the CPR when its published, probably late March.

I'm looking for a P1+P2 number of 70+ million barrels in the report should J-59 be successful. Which will make the company current valuation look completely silly.

An interesting 6 weeks that's for sure.

LOTM

[7kiwi] 07/2/2013 18:14

Went to OB today.

They came across very well.

Looks like some interesting news ahead with testing results and revised CPR.

However, it did kind of slip out they will need to raise additional finance, I think 2Q13, to fund surface facilities and additional development wells to support the full field development and export sales.

[last of the mohicans] 24/1/2013 15:33

Pillion,

Its not a massive discovery, they are currently saying 10M barrels for J-58, but I think that is being conservative. Probably this number was for what they are terming the "T2B" zone and the T2A will only add to this number.

Need to watch very carefully with what happens with J-59 as well. Firstly it needs to be a discovery, secondly I'm hoping it is part of the same structure and resevoirs, as its up-dip. Hopefully it is thicker and of better quality to.

Lot of news due in the next couple of months, quaterly report will be out sometime next week, so that should give us some updates on where they have got to on some of these wells.

LOTM

[pillion] 23/1/2013 16:39

LotM; interesting post

The J-58 DRILLING UPDATE was mighty impressive

'Initial analysis indicates 152.8m of gross reservoir and approximately 75.6m net pay in the Mid Triassic T2B'

and
'In addition, analysis of the Mid Triassic T2A carbonate reservoir indicates an additional 120.1m of gross reservoir and approximately 52m of net pay'

Surely this is a massive discovery; or am I missing something ?

[last of the mohicans] 21/1/2013 07:15

Acta_topup,

Jupiter production is currently @ 600 bopd but will rise to @1,400 bopd when it gets the J-51 & J-53 wells into production following the granting of there trial production licences. This should occur during Q1.

They are then testing J-55 & J-58 as well as drilling J-59, so production is likely to increase further.

As to oil reserves, the current P1/P2 independent number is 24M barrels, however that is very much out of date. A new report is coming very soon expect results in March.

The Kazak government number C1/C2 is 37M barrels but that only relates to the Akkar East field and does not take the new discoveries J-55 & J-58 into account.

I suspect the true number is currently @ 60M barrels and that J-59 could take the number to as high as 80M barrels.

Jupiter is likely to see corporate activity of some kind in the next 18 months.

Juipter to me is very undervalued, I know nothing about TPL so can't comment on it as a comparison.

LOTM

[7kiwi] 17/1/2013 13:23

Following companies at Oil Barrel on 7 Feb:

Jupiter Energy

Tethys Petroleum

Antrim Energy

Petro Matad

[pillion] 09/1/2013 22:00

Anybody out there ?

[pillion] 07/1/2013 22:34

Chart-wise I favour Jupiter against Tethy

JPRL shows upward momentum

[acta_topup] 04/1/2013 16:58

Lack of research sorry - producing closer to 1400bopd - IS THAT RIGHT? Quarterly updates don't make it easy to see the overall production levels

[acta_topup] 04/1/2013 16:41

Not a deramp but I really don't understand JPRL's valuation.

Posted this on the TPL board where I have a large holding:

Just wondering - JPRL, (Jupiter Energy) with similar albeit smaller prospects in Kazakhstan and only producing 600bopd from 2 wells and without any reserves of postential supergiant size (in fact potential reserves are MINISCULE in comparison to TPL) YET has a market cap of £70 million. And we are valued at £90 million with 4500-5000 bopd + gas + further Kazakh & Uzbekh exploration upside + potential supergiant reserves in excess of 25 Billion BOE in Tajikistan with farm in with 2 of the worlds largest oil companies.

WHY WHY WHY???

We should be valued at double, no treble the current market capitalisation. It just doesn't make any sense why TPL's value has been effectively decimated by the market.

Anyone with better insight into JPRL - I would really appreciate your input as I admit that my research of this company is limited.

[trulyscrumptious] 21/12/2012 10:57

Updates could come any time, especially on J-55
---------------------------------------
From 4th Dec.

Further updates on progress with the J-58 well will be provided in due course.
An update on the progress with the initial testing results from well J-55 is expected to be provided to shareholders during December. The J-53 well requires its Trial Production Licence (TPL) to be approved before the workover can be completed and shareholders will be updated on the TPL approval as soon as it is received

[pillion] 14/12/2012 15:19

Preparing for another forward surge ?



No advice intended

[xenawarriorprincess] 07/12/2012 13:36

And also here -



Managed to pick up a few more yesterday.

[mirabeau] 07/12/2012 10:29

Pretty illiquid though but at present succeeding on the operational front which is the most important thing for a young oiler

[nickadv] 07/12/2012 10:27

Hi -bought in today--slightly nervous given we are dealing with Kaz -but great track record and may be rteserves upgrade


Nick

[pillion] 07/12/2012 10:25

Let's keep it quiet too; we don't want the Pump & Dump merchants

[trulyscrumptious] 07/12/2012 10:23

I can't believe this thread is so quiet.

[trulyscrumptious] 06/12/2012 18:09

Excellent post. This seems to have been under the radar for too long and at some stage te masses will turn up. I have them in my ISA and will keep them there as I am convinced the upside is huge in the long term as well as the short term.

[last of the mohicans] 06/12/2012 16:50

You might want to look at the company website as there is a new corporate presentation there.



Looks like they are seriously considering drilling another well this year!!

J-59 looks like a go-er provided they get a decent flow rate from J-55.

They just keep adding to there reserve numbers and the market keeps ignoring them for now.

One day soon things will change big-time.

I believe reserves are currently in the 50-60 million barrel range when you include J-55 & J-58.

J-59 will be targeting another 10M+ barrels.

Not sure where the funds are coming from for J-59, maybe they have saved some money on costs. I suspect they will also forward sell a certain amount of production like they did before with payment received upfront.

That would allow them to do it without needing any new money from shareholders for now. Current production is 600+ bopd, if J-55 successful then it will go on 3 month test production, so that could be another 500+ bopd. Then you have J-51 ready to go as soon as they get its trial production licence and J-53 will be a little behind as they still need to complete its workover to stop the water flow. So we could be doing 1,500 bopd by the end of December and near 2,500 bopd by end of Jan if you include J-58 being on test then as well. I'm sure that rate of production will allow them to forward sell just a couple of months worth of supply to get more than enough cash to cover the cost of J-59.

Only way is northwards for Jupiters shareprice.

LOTM

[trulyscrumptious] 06/12/2012 08:08

Delayed reaction?

[trulyscrumptious] 04/12/2012 07:45

Yes, excellent news.