JPRL16 Mar 2012 07:01
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).