The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Because the Jupiter field is only now getting consents and permissions for full production. Last 8 years has been discovery and trial production only. Under the regime, Jupiter cannot surpass more thn one third of what the current wells they tapped in are capable of doing. They need funding for the full field development including low risk appraisal wells first then can ramp up production and sell it internationally instead of nationally currently
Great results on some of their exits right - but on this Jupiter - its down from 0.25 AUD to 0.04 AUD ... Sterling is massive down and not even trading at cash value giving ZERO value for the (I really think) great free-carried in Africa.
You think it makes sense to spend more money the same way? Why do you think this Jupiter is a good deal when the co. was not able to make money 2011 till 2020 - where we had periods of phantastic Oil and Gas prices in Kaz. !?
Dont agree. Jupiter need cash to develop a discovered reserve . There's no exploration risk apparent in their portfolio and they only need funding to move to triple their current output, as it is restricted. Kazakstan is stable also and has a long and established oil production history .
Oil is not over - its got at least 20/30 years left and is actually going to experience a squeeze on demand and price as the majors have ceased large swathes of exploration
Having said that i would take 15.5 p cash back but no way is that going to happen as Mr Kroupeev is the most prolific oil dealer on the AIM and TSX markets (First Calgary sold for over a billion and Emerald sold for about $600 million)
The Era of managed decline can still provde massive returns to companies and cigarette industry managed decline model is the way to look .
Of course Kroupeev should take a project that washes its face at $20 - very profitable at even current low prices
why should they be stupid and put more money into a failed company? The only thing which makes sense is to distribute the cash to us shareholders or go into a sector with positive "future"
The time for fossil fuels is over! Even if you find a project profitable at 20 USD the risk associated with this (political unstable region or gained through environmental huge damages) will be way higher than the potential returns
YF Finance moved from 4 % to 5% on Monday, announced just now
https://www.londonstockexchange.com/news-article/SEY/holding-s-in-company/14696189
Jupiter Energy (JPR.AX) Block 31 in Kazakstan : (YF Finance also ultimately controlled by Kazakstan billionaires)
http://www.jupiterenergy.com.au/files/files/737_June_Quarterly_2018_FINAL.pdf
http://www.jupiterenergy.com.au/Block-31/Drilling-Program
$30.2 million funding with Waterford Finance and INvestment (Michael Kroupeev)
Waterford also own 24.28% but essentially control company through the Debt notes
Strong chance it will be Jupiter Energy
https://www.asx.com.au/asxpdf/20200915/pdf/44mmzzf0f7d270.pdf