Welcome to Jupiter Energy Limited
Jupiter Energy Limited (ASX: JPR & AIM: JPRL) is an oil exploration and production company, listed on both the Australian Stock Exchange (ASX) and London AIM (AIM), with acreage in Kazakhstan. Its initial purchase was 100% of an exploration permit (known as Block 31) in the Mangistau Basin. Block 31 is currently 123 km2 in size after a 2011 extension of 59 km2. The entire permit covers an area of proven oil production.
The Block 31 permit has a 10 year exploration licence (initial 6 years + two possible extensions of 2 years each) as well as a 25 year production licence. The initial 6 year exploration period runs until December 2012 and the Company has recently submitted an application for this period to be extended to December 2014.
The Company has 2 wells currently on Trial Production and will be submitting applications for Trial Production Licences for a further 2 wells during 2Q 2012.
The Company has its operations based in the port city of Aktau, which is located approximately 80km from Block 31.
The Company has an experienced Board and Management team with excellent in country experience and a proven track record in developing organisations from early phase to proven revenue generation.
This web site seeks to provide a range of information on Jupiter Energy Limited that should be of value to shareholders, investors and other interested parties wishing to know more about the Company and its progress in Kazakhstan.
