Jupiter Energy JPR

[mark100]

JPR has been a dog stock over the years, its last venture being biofuels which obviously was a failure. Now they have moved into the Oil and Gas game in Kazahkstan which is promoting foreign investment in its oil and gas assets.

The news of this strategy change sent the shares to 30c last year until the credit crunch knocked them back to 5c. Now they could be starting to move again. They've just raised some capital at 7.5c to fund the acqusition of an exploration Block and appear to have recruited some reasonable employees to run the show.

Best to read their latest presentation for a run down on them.

Market Cap including the recent capital raising is $33m. Worth a punt I reckon. Plus there are 8c options on issue, JRPOA. I have a modest holding.

[Footsie]

I have a modest holding too

one to watch

good buying around 6-7c

[mark100]

I sold at 13.5. Couldn't say no to 40% in a week. But will try and purchase again in the mid 7's

[Footsie]

Nice annoucement today.
36m barrels of oil and expected to be producing 4,000 b/pd by late 09
US$560k a day !

These guys are moving places.

JPR is a good place to park some spec money.
wont float everybodies boat but its my oil play and it has great potential

Management is top shelf, Chairman is highly impressive , one of the Kazakh directors controls the oil export out of Kazakhstan (approx. 1mio bbls per month), therefore oil production from JPR goes straight into the export market at spot price.

Ex Max Petroleum Chief Operations Officer has been appointed to the board and brings a hugely successful track record and team with him.

Pick some up at 12c and you might see $1.00+ in 12 months
at worst 7-8c

oppies availabel too JPROA

[mark100]

For those wanting to take a punt at 9c JPR could offer some excitement over the next 6 months. Or the options at 3c

Oil fields in Borat land, aiming for 4000bopd by late 09 (probably will never get there) and a $50m debt facility provided by Macquarie. This stock has a history of ramping itself well and I'm back in to see what fun I can have

[steve fleming]

For those wanting to take a punt at 9c JPR could offer some excitement over the next 6 months. Or the options at 3c

Oil fields in Borat land, aiming for 4000bopd by late 09 (probably will never get there) and a $50m debt facility provided by Macquarie. This stock has a history of ramping itself well and I'm back in to see what fun I can have

Picked up a swag of these heads @8c and oppies @3c today.

Hopefully the $20 m cap raise (which MBL's facility is contingent on) is completed soon (presumably @7.5c again).

JPR certainly has the assets and personnel to travel quite nicely.