Jupiter Energy Share Discussion Threads

[admarky2] 16/11/2011 16:31

on the watch list.

[captainfatcat] 09/11/2011 15:27

Just looking in.

[lucky_punter] 09/11/2011 14:35

Jupiter Energy's (LON:JPRL) debut on AIM this morning kick-starts a busy period that should chart its transition from explorer to fully-fledged oil producer.
The hectic schedule includes further drilling, a reserves upgrade and an equity fund-raising to finance its aspirations in Kazakhstan.

[lastof themohicans] 09/11/2011 11:12

Excellance,

I think you want to keep more than an eye on them ... very undervalued and should be producing 1000 bod by year end from J50 & J52.

Results due from J-51 any day now and that well to will be in production full-time from early 2012, bring production up to 1500+ bod.

I already have a good position in these and personally prefer to trade through the ASX, as tighter dealing spread than AIM.

LOTM

[excellance] 09/11/2011 09:48

new boys on the block to keep an eye on...

[excellance] 09/11/2011 09:48

Jupiter Energy Limited (ASX: JPR & AIM: JPRL) is an oil exploration and production company, listed on both the Australian Stock Exchange (ASX) and London AIM (AIM), with acreage in Kazakhstan. Its initial purchase was 100% of an exploration permit (known as Block 31) in the Mangistau Basin. Block 31 is currently 123 km2 in size after a 2011 extension of 59 km2. The entire permit covers an area of proven oil production.

The Block 31 permit has a 10 year exploration licence (initial 6 years + two possible extensions of 2 years each) as well as a 25 year production licence. The initial 6 year exploration period runs until December 2012 and the Company has recently successfully submitted an application for this period to be extended to December 2014. An Addendum to the Exploration Licence will be signed in due course.

Operating Results
This review covers the 6 months from 1 July 2011 to 31 December 2011 and includes any significant events that have occurred between 1 January 2012 and the release date of this report.
Total production for the period was 11,739 barrels with production largely being in November and December 2011.
The consolidated loss for the period after income tax was $2,024,051 (2010:$ 3,248,349).
At the end of December 2011, cash levels were $4,597,275 (2010: $8,972,820). Assets increased to $45,042,499 (2010: $34,412,938) and equity increased to $40,554,781 (2010: $33,083,486).