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Last post: hedgestar, 26 Sep 2013 13:59
No one seems to have noticed that the recent fundraising will help sort out J53 well - which has a trial production licence. This will help improve cash flow immediately once J53 is flowing correctly. Let's hope for a positive update on J53 at the next quarterly report in October... It will be interesting to see the take out price for Exillon Energy, will make a good readacross for Jupiter which is in a more favourable tax jurisdiction (so higher value per barrel). Exillon should be sold by end of October assuming the bankers are well into the auction process by now....
Started: hedgestar, 19 Sep 2013 14:33
Last post: hedgestar, 19 Sep 2013 14:33
Exillon Energy up for sale and there appears to be plenty of bid interest in their assets. Kazakhstan a more favourable jurisdiction than Russia (better tax regime) so Jupiter should be worth more per barrel of oil vs. its Russian counterparts. Clearly management teams are recognising the fact that the stock market doesn't value these oil and gas projects properly - a bit like Jupiter!
Started: hedgestar, 13 Sep 2013 10:35
Last post: hedgestar, 13 Sep 2013 10:35
The time to buy these stocks like Jupiter is when nobody cares. Right now that appears to be the case. I would expect to see additional financing arranged from the major shareholders (Waterford, et. al) in the next few weeks to allow Jupiter to do more work on its wells that are not yet in trial production, as well as the granting of some new trial production licences which will help cash flow. I would also hope to see J54 drilled in Q1 2014 or earlier. This is still my top pick as I expect this company will be sold before J54 is drilled (any buyer will want this upside for themselves rather than give it to shareholders of Jupiter..... Take out price at least 75p.
trdes just in.....
Started: hedgestar, 12 Sep 2013 15:53
Last post: hedgestar, 12 Sep 2013 15:53
Without stating the obvious but Jupiter has prospective resources of 100m barrels and market cap is only $80m. This is 80c per barrel. Even on 2P reserves (which are understated due to the overly conservative recovery rates used by the independent consultants) of 25m barrels the NPV is still in excess of US$200m. This property is worth at least US$2 per barrel prospective resources (ie. US$200m). So why are we trading at US$80m market cap? I have a target price of 75p ie. a 2.5x return in the next 6 months. Trading at too large a discount to NAV for something so close to production in my opinion.
Started: Thales1, 26 Aug 2013 12:03
Last post: Thales1, 26 Aug 2013 12:03
See its started to recover in Oz in the run up to news
Or maybe update next week -as it was meant to be in April. Fingers crossed for a 10k bopd flow rate, with a note saying J59 looks similar. Used most of this years ISA allowance to buy Jupiter, so I'm hoping for a transformational step change in production, which will throw off enough cash to fully fund upgrading the pumps so they can sell export, without any loans or equity dilution, then a gobsmacking CPR so everyone can see thy are a mini GKP (but without he probs, lol), followed quickly by a t/o offer around £3 per share. Not too much to ask for us it? Plus, somebody's got to keep posting here - its like a ghost town T1
Last post: Thales1, 24 Apr 2013 17:06
This is moving up on volume, here and in Oz. news on J58 tomorrow maybe.
This was flowing around 1300 bopd from 5.5m unstimulated. The co-mingled tet which is going to be reported this month, and feed into CPR for next month will be from a combined pay zone of at least 60m - more than 10 times as much. Not an engineer, so I don't know even if there is a straightforward correlation between length of pay zone and flow, as opposed to volume of reserves, where more pay zone equals more reserves. But flowing from more than 10 times the amount of pay zone must mean a big uplift in flow rates. If anyone more knowledgeable could comment I'd be really grateful. A rate of 10k bopd would be amazing. And J 59 is the same area, with bigger net pay reported, o that could double. If so, these two drills would be transformational for the company, and that level of potential production should unlock the funding for the development of the drills to have proper production facilities. On the other hand, the drift down in share price, while maybe only reflecting general market conditions doesn't suggest they are on the brink of announcing a step change in production potential.
Started: scotlouie, 7 Mar 2013 21:18
Last post: scotlouie, 7 Mar 2013 21:18
Top 20 Shareholders as of 9 January 2013 RANK NAME UNITS % 1 COMPUTERSHARE CLEARING PTY LTD <CCNL DI A/C> 89,969,585 58.66% 2 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 12,983,655 8.47% 3 JP MORGAN NOMINEES AUSTRALIA LIMITED <CASH INCOME A/C> 8,822,455 5.75% 4 VITORIA PTY LTD 2,377,779 1.55% 5 CITICORP NOMINEES PTY LTD 1,662,854 1.08% 6 GLENNBROWN PTY LTD <G BROWN FAMILY ACCOUNT> 1,333,334 0.87% 7 J P MORGAN NOMINEES AUSTRALIA LIMITED 1,005,885 0.66% 8 RACOVALIS SUPERANNUATION FUND PTY LTD <RACO SUPER FUND A/C> 970,000 0.63% 9 MR ERKIN SVANBAYEV 900,001 0.59% 10 MR GEOFFREY ANTHONY GANDER <THE GANDER SUPER A/C> 625,000 0.41% 11 MR ATHOL GEOFFREY JAMES 608,148 0.40% 12 MR STEPHEN JOHN KINMOND 490,714 0.32% 13 GJ MARANO SUPER PTY LTD 473,011 0.31% 14 DEVANA CORPORATION PTY LTD <HAYWARD SUPER FUND 2 A/C> 435,846 0.28% 15 PALS INVESTMENTS PTY LTD 385,000 0.25% 16 GAINSPELL PTY LTD 333,334 0.22% 17 ASCENT CAPITAL HOLDINGS PTY LT 308,334 0.20% 18 SILVERLIGHT HOLDINGS PTY LTD <CAIRNS INVESTMENT A/C> 306,450 0.20% 19 MR DAMIAN RONALD GILLMAN + MRS LUCIA GILLMAN <DAMIAN & LUCIA GILLMAN A/C> 291,667 0.19% 20 MR WARREN GILMOUR + MRS CATHERINE GILMOUR <W + C GILMOUR SUPER A/C> 282,753 0.18% Total 124,565,805 81.22% http://www.jupiterenergy.com.au/Investor-Centre/Top-20-Shareholders
Started: Thales1, 5 Mar 2013 20:37
Last post: Thales1, 5 Mar 2013 20:37
Due before the end of this month - hoping it will be good. Should be.
Started: kira, 2 Mar 2013 16:52
Last post: kira, 2 Mar 2013 16:52
Hello all holders. Take a look at the Ichimoku analysis here: http://uk.advfn.com/p.php?pid=chartscreenshotshow&u=atD8eIbHMiIsQYzfkM3j82xx9ba7OsvI&symbol=L^ECR I am not in but might take a small position If you want to look at the Ichimoku Analysis of more you can view them at my General Chat Thread http://www.lse.co.uk/general-chat-discussion.asp?page=22&TopCode=VI7KH7KW
Started: Goldrush, 20 Feb 2013 17:37
Last post: Goldrush, 20 Feb 2013 17:37
* J59 spud - expected this week * J59 logging - expected to be completed in February * J55 and J58 stabilised flow rates - February and March * New CPR with reserves update - expected March * CPR update to include J59 * J53 flow rates after workover If we have a seventh straight success with J59 and a big boost to 2P reserves, this should re-rate. Agree with you Thales1 - as per Oil Barrel conference presentation, we should exit Q1 with 2000 BOPD - that's less than 6 weeks away. Opinion only, DYOR
Been watching for ages. Tried to buy some last summer, but couldn't get any on a quote and deal basis. The oil barrel presentation persuaded me that the time is right to get in. Funding needs sorting, but I'm okay with a bit of dilution. Upgrade in reserves should balance that off. And I do like an oil co that's producing and generating cashflow. Much better than the speculative pure exploration plays. GLA
Started: Goldrush, 19 Feb 2013 16:05
Last post: Goldrush, 19 Feb 2013 16:05
Some nuggets from Oil Barrel presentation : * All wells drilled were discoveries. * 7th well (J59) should reach TD this week * Currently producing 900 BOPD from just 3 wells (expect 2000 BOPD from Q2) * 4th well on workover but expect production from it this month * Expect to start trial production of Southern block wells in Q1 and Q2 * Expect to go into H2 with at least 7 wells in production (maybe 8/9) * Plan to go from trial production to full field development to export. * Wells 50,51,52,53, 55, 58 and looks like 59 as well, produce from Mid Triassic T2B zone. In Southern block wells, T2A is a lot thicker and has better prospectivity. Hopefully they will produce from both zones. Perhaps we will have better production out of wells from the Southern structure. * Senergy CPR of May 2011 gave 2P reserves of 24.2mb (from 2 wells) * Kazakh authorities estimate 2P reserves now at 37mb (from 4 wells) * New CPR expected in March to include wells 55 and 58 also * A further CPR update to include well 59 one month later * Should exit Q1 with 2000 BOPD (i.e. from April onwards) * J51 producing 315 BOPD but capable of 600. Current trader can’t take any more capacity so are getting a 2nd trader on board. * J52 producing 310 BOPD but capable of 400. * J55 and J58 results this month and next month. * J59 logging should be completed this month. * Currently putting funding in place to build infrastructure (full field development, then export) * Ultimate development plan is 14 wells in Akkar East and 12 wells in Southern Block but whether JPRL or a bigger company take it to this stage is a moot point. What normally happens is you get to a certain stage and then you get a tap on the shoulder. I thought the presentation was professionally done and very positive. Strong hint that the end game may be a buy-out but objective now is to get the business to positive cash-flow. J59 sounds very positive. Seems like TD will be reached this week. Opinion only, DYOR
Started: mulledwine, 24 Oct 2012 08:08
Last post: mulledwine, 24 Oct 2012 08:08
Capital Management: With the proceeds from the August 2012 Rights Issue and with further sales of oil from the producing wells, the Company is now fully funded to complete the drilling of J-58 during the second half of 2012 and to implement the necessary topside infrastructure to bring the J-51 and J-53 wells onto trial production currently expected by the end of the year. The directors are currently reviewing a range of options for financing the further development of the East Akkar field during 2013 and beyond to the stage where export oil sales are being achieved and further development of the field is self-funding.
Started: mulledwine, 24 Oct 2012 08:07
Last post: mulledwine, 24 Oct 2012 08:07
Oil Sales: During the quarter the Company continued to transport its oil to a nearby processing and storage facility for onward selling to a local trader on a pre-paid basis. The Company continues to investigate new markets for the sale of its oil from the Akkar East field. The Company anticipates increased oil production from its wells and also wishes to have the flexibility to deliver oil into the state owned oil pipelines after full field development has been completed as the Company moves from domestic to export sales. The current arrangement of delivering un-processed oil to a local facility has certain capacity constraints that make it unviable for the Company's future needs. The Company is seeking an arrangement to initially use rail transport to the Atyrau refinery. Initially the transportation of smaller volumes may incur an increased transportation charge, this will be reviewed once production volumes have increased and the consistency of oil quality is optimised. Gross pricing is expected to remain consistent with current domestic sales but the new arrangement is likely to see the price per barrel, after deducting transport and processing costs, reduce to ~$US41/barrel (from ~$US46/barrel) inthe short term. The focus will be to move to pipeline sales as soon as is practical, thereby reducing transport costs and improving the net price/barrel achieved in the domestic market. Going forward, updates on oil sales will form part of our quarterly reports.
Started: mulledwine, 24 Oct 2012 08:06
Last post: mulledwine, 24 Oct 2012 08:06
POST PERIOD END: · J-58 well was spudded on 21 October. This is the Company's 6th exploration well and the 2nd well drilled on the new southern extension area. · Trial Production Licence applications for both J-51 and J-53 wells are progressing with a current expectation that all approvals will be received before year end.
Started: mulledwine, 24 Oct 2012 08:06
Last post: mulledwine, 24 Oct 2012 08:06
KEY POINTS: · The J-55 well reached total vertical depth of 3,400m on 29 September 2012. · Initial analysis of the J-55 well indicated 112m of gross reservoir and approximately 60m net pay in the Mid Triassic carbonate reservoir unit. This is similar to that of the already discovered Akkar East oilfield. The 90-day flow testing program for J-55 is expected to commence in early November. · Production from the J-51 and J-52 wells produced ~35,000 barrels during the quarter generating revenues of ~$US2m. · J-50 was shut in during the quarter for modifications to its top side facilities and awaiting the installation of an electric submersible pump ("ESP"). Following the October installation of the ESP, the well is currently flowing at ~250 bopd. · J-53 underwent a chemical treatment that partially reduced the water production; the well will now undergo a workover with cement squeeze to further reduce the water influx. · Successful Rights Issue completed in July raised $11.25m (after costs). · Conversion by SNG of $US3.45 Convertible Notes to ordinary equity.
Started: mulledwine, 24 Oct 2012 08:05
Last post: mulledwine, 24 Oct 2012 08:05
Started: sweetjudy21, 5 Oct 2012 21:07
Last post: sweetjudy21, 5 Oct 2012 21:07
just read an article here: http://www.iii.co.uk/articles/56401/jupiter-energy-strikes-oil-kazakhstan "J-55 is the first well on the southern area extension, and its success has increased the possibility of an upward revision in reserves and resources," commented analysts at FoxDavies, pointing out that the updated reserve report released in June estimated proved and probable (2P) reserves at 37 million barrels, up 54% on the previous report. 37m barrels :) not a holder here but will add to my list of to dos, after XEL get taken over :)
Started: mulledwine, 5 Oct 2012 21:01
Last post: mulledwine, 5 Oct 2012 21:01
Jupiter Energy (JPRL) announced that its J-55 well in Kazakhstan discovered 60 metres of net oil pay, having drilled to a total depth of 3,400 metres. The hydrocarbons explorer noted that the results were similar to those achieved at its already proven Akkar East oilfield, but pointed out that it is part of a separate structure. It is estimated that the deposit may contain up to 10 million barrels of resources. The shares swelled by 4p to 40.75p.
Started: mulledwine, 5 Oct 2012 08:07
Last post: mulledwine, 5 Oct 2012 08:07
Operations Update The Company is scheduled to release its next Quarterly Report during October and this will provide an update on in-country operations.
Started: mulledwine, 5 Oct 2012 08:07
Last post: mulledwine, 5 Oct 2012 08:07
nice one. - hopefully the 90 day test stands up