Not sure what you're referring to when you say frustrating turn...

Not sure what you're referring to when you say frustrating turn of events but if you frustrate easily perhaps investing in specs, particularly oil plays on the wrong side of the tracks, isn't for you!

I agree with the comments above. A lot of loose ends look like coming together in the short term, at least in the coming months. Given the loose registry and the fact that JPR already has considerable coverage, both here and now in Europe, for a company of it's size, I would expect any positive news to result in a fairly swift re-rating.

I also agree that institutional investors are bound to take notice but big money has already taken notice in Waterford and Soyuzneftegaz who, correct me if I'm wrong post consolidation, own about 40% of the company. I wouldn't be surprised if once there is light at the end of the tunnel, that is to say that JPR has been de-risked considerably, if they just bought us out. They are by no means passive shareholders.

Of course, I and the others above could all be totally wrong and we could all be in for a terribly frustrating time ahead. Vinnie, to ease your frustration I suggest red wine, bottles and bottles of red wine and if all else fails consider my friend who put it all on ERA back in mid 2009.

"A very very frustrating turn of events": http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1331725392710&chddm=464246&chls=IntervalBasedLine&cmpto=INDEXASX:XJO&cmptdms=0&q=ASX:ERA&ntsp=0