JPR - Jupiter Energy

The continuity of the cup has some reliance on a breakout today. Right now it's at resistance of 62. If it gets to 64 today, then it should go a lot higher.

PRE_NR

Could get interesting.

63 to 70 are all road blocks. None of them was there before the ann, and traders don't heap that much on a sell side all at once like that and in non-trendline parts of the sell side. The big number of buys that went through on the ann were quite telling, and there was some solid buying this morning though I wasn't watching that.

Steady progress would seem to be most likely. So when i say "much higher" that might take a month, with 72 then 80 as resistance. I got in at 64 unfortunately!

Resistance would be at 73 (not 72), 74, then 83. Seems there's a bit less manipulation lately.

btw, Ords has a high tight flag on intraday.... going higher??

Notice to the asx today of a 15/1 share consolidation to be put to a vote next month,just when I thought the sp was going to go for a gallop.Good or bad?dunno.

10 years later and JPR is now in a completely different place, but they're still alive and kicking.

They are currently producing oil in western Kazakhstan. They sold ~32,000 barrels of oil in the last quarter, generating ~$US921,500. The oil sold was sold into the Kazakh domestic oil market.

The news of the moment is a possible JV with its neighbour in the Akkar North oilfield area, MangistauMunaiGas (MMG).

This is from JPR's Quarterly Activities Report, released today:

Jupiter Energy and MMG have been in discussions during the Quarter regarding the actions needed to conclude a Joint Development Agreement for the future development of the entire Akkar North field and the parties remain on target to meet the requirement of the CCED to submit a single project document for consideration, by the CCED, before the end of 2022.

Click to expand...

It does sound like a JV is very close to being agreed to by both parties. Interesting times for Jupiter Energy. Huge volume today and a 64.86% share price spike... could be more to come in the coming days if a JV is announced as the market expects...