Australian (ASX) Stock Market Forum

JPR - Jupiter Energy

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hi B

yes the sp showing encouraging strength after the rights ex date

good signs abound. excellent team also on board, great success on neighbouring block from similar wells using same crew. New refinery penned in for Mangistau in coming few years.


this is the area to be in, cheapest entry you'll get
 
G'day Ronaldo,

Nice announcement out today.
Over $7m raised!
Workover to commence in October...

Hopefully we should see some SP action shortly as the workover commences.


Holding JPR
 
JPR looks to be on the move finally. Certainly been some nice opportunities for punters to accumulate recently. Not sure if someone knows something or if it is simply anticipation of news confirming work on the site.
Either way, very happy at present. :)


Holding JPR at 4c ave.
 
anyone know if someone is building a stake in the company, or if the price movt is related to anything?

when will the shortfall applications be announced?
 
dan-o said:
anyone know if someone is building a stake in the company, or if the price movt is related to anything?

when will the shortfall applications be announced?
Click to expand...

Shortfall willl be allotted next week from their announcement, 95mil shares to be shared between everyone.
Paying 2c for them is quite the bargain!
 
dan-o said:
anyone know if someone is building a stake in the company, or if the price movt is related to anything?

when will the shortfall applications be announced?
Click to expand...




my guess is that the price movement relates directly to speculation over NWZ2. the lack of selling post rights reflects the reality that existed before the issue: most of the register is very tight and the shareprice has moved largely owing to the whims of smaller traders. very few holders are interested in offloading just before the potential company making announcements of NWZ or Akkar Nth, so the charts continue to reflect the activities of technical traders.
 
Hi,

Under the recent rights issue, has anyone received any shares under the shortfall allocation yet? I am unsure whether I've been allocated any or whether I should be expecting a refund cheque.

Thanks
Bzed
 
JPR is now building nicely. Today's SP spike suggests that the punters want to be on board. While there is still some risk about a re-entry well (from a technical perspective), the fact that this is more of an appraisal than a wildcat should help to ease the nerves.

Riding the JPR train.:)


Holding JPR at 4c
 
BESBS Player said:
JPR is now building nicely. Today's SP spike suggests that the punters want to be on board. While there is still some risk about a re-entry well (from a technical perspective), the fact that this is more of an appraisal than a wildcat should help to ease the nerves.




Great to see 7c tested today. As said above, risk still exists but the longer we have no news in the early drilling, the better the punters will feel that the technology is working as hoped.


Holding JPR at 4c
Click to expand...
 
Decided to play it safe and exit JPR today.
The SP might have a small rally prior to results but I entered this as a BESBS (Buy Early Sell Before Spud) play and will keep to the discipline. Decided to move this morning to VIL as a BESBS play.

Good luck to all holders.

Bought at 4c, Sold at 6.5c ave. Profit approx 60% :)
 
A lukewarm response to todays announcement, any thoughts guys?

Highlights:
- NWZ 2 workover complete, hydrocarbons have been confirmed at the Jurassic XIII and oil samples gathered.
- Production logging indicates an expected flow rate from the well at ~ 400 to 500 bopd when in full production.
- Workover has confirmed the prospectivity of Block 31 and gives positive impetus for the drilling of the SV Akkar well.
- SV Akkar turnkey drilling tender has closed and a successful contractor is expected to be announced within a week.
- SV Akkar well scheduled to spud in December 2009.
- JPR is set to move from explorer to producer in 1H 2010.
 
;)

Hi folks,

Happy New Year 2010 ... !~!

JPR ... as requested, here's our time cycle analysis for the next
few months ... :)

January 2010 is shaping up as reasonably positive month for JPR ... :-

18012009 ... a positive cycle is expected here ... finance related (?)

20012009 ... a lunar aspect may trigger a volatile day, though
sentiment should remain positive, overall.

10022010 ... positive news expected here

11022010 ... minor and negative cycle

18022010 ... minor and negative cycle expected.

01032010 ... minor and negative news expected here.

08032010 ... major and negative cycle due here.

17032010 ... significant and negative news expected here

19-22032010 ... negative spotlight focused on JPR.

More later .....

happy trading

paul

:)

=====
 
:)

Hi folks,


JPR ... may get some volume late in the week, as a
positive time cycle comes into play and a 100%-owned
well in Khazakstan creeps towards the payzone ..... :)

have a great week

paul

:)

=====
 
Hmmm... trading halt till Thursday "pending announcement"...

Anyone know what this is all about?

(holding)
 
Surely they aren't going to announce they are raising capital based on the drill that went slightly off course, not after saying in that statement that that event didn't much effect the company financially?
 
And tomorrow, we hit the pay zone. Oppies up 66% today.

This is one to watch. Interesting times.

Today's ann:

The Board of Jupiter Energy Limited (ASX: JPR) wishes to advise shareholders that as at
3am Aktau time this morning (6am Western Australian time) the J-50 exploration well
being drilled on Block 31 had reached 2845m.
More hydrocarbon shows were recorded over the weekend from 2798m to 2817m (19m).
These results are encouraging and whilst the primary objective remains at 2920mRT, this
zone will also be more fully evaluated when the final log suite is run after reaching Target
Depth.
A review of the logs by JPR Technical Consultant Keith Martens between 2798m to 2817m
indicated the following:
● Intermittent tight sandstones with good oil shows
● That the first sign of the gas detectors picking up measurable propane is promising
● Triassic A- is expected at 2852m which in offset wells is a more massive version of
the sand at 2798m. It should also have good shows. This zone is a secondary
target.
It is expected that the primary Middle Triassic target will be reached during this week.
Shareholder updates will become more frequent and at times may be daily. This will ensure
shareholders are informed of progress with respect to the J-50 well's planned forward
activities. A weekly drilling update will continue to be released each Friday.
The forward activities are summarised below, together with the expected timing of each
activity:
1. Establish core point
2. Cut 18m core (2 x 9m core barrel runs) (3 days)
3. Drill 45m of reservoir (2 days)
4. Cut 18m core (3 x 9m core barrel runs) (4 days)
5. Drill to total depth of well (3 days)
6. Run electric wireline logs (2-3 days)
Based on the above schedule, there is at least 2 weeks of well site activity to be carried
out after the top of the Triassic reservoir has been reached. During this period the
primary target, which is prognosed to have an approximately 120m gross thickness and
be completely/fully oil saturated, will be cored and wireline log evaluated.
JPR Executives were on site over the weekend and operations are running smoothly.
Any questions on this announcement can be directed to the Company on (08) 9322 8222.
ENDS
Click to expand...
 
Black gold, Texas tea, 100% JPR's :) :) :)

JPR is now a producer!! Suffice to say I'm pleased to be holding both oppies & heads :)

Congrats to all holders.

Comments from today's ann:

Commenting on the news, JPR Chairman Geoff Gander said, "We are obviously very pleased
to announce what is a pivotal point in the evolution of JPR from oil explorer to oil producer.
I want to take this opportunity to acknowledge the work of our entire team - from those on
site in the Mangistau, through to everyone in our Aktau, Almaty and Perth locations, for
their individual contributions to this success. It has been a real cross section of skills that
has got the Company to this point and this is just the beginning."
JPR Managing Director David Thorpe added, "Our focus is now to complete the J-50 well in
a timely manner and begin production testing. We are also working on preparing the tender
for the J-51 well and JPR will announce the location of that well in the near term but clearly
the positive result from J-50 may well influence that decision."
The Company also expects that the result with J-50 will stimulate continued interest in JPR
and is hopeful that independent research reports on JPR (including views on valuations) will
be released in the near term. As and when these reports are released, JPR will advise
shareholders of their availability.
Click to expand...
 
Atlas79

"JPR is now a producer"

Yes mate exciting times for this junior oiler. I'm looking forward to the production testing of the work-over well and J50 and also details of the future J51 drill.
 

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