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Welcome to Jupiter Energy Limited

Jupiter Energy Limited is an oil exploration and production company, listed on the Australian Stock Exchange (ASX), trading under the ticker "JPR". The Company owns 100% of an exploration permit (known as Block 31) in the Mangistau Basin, West Kazakhstan. Block 31 is currently 123km2 in size and the entire permit covers an area of proven oil production. The Company has its operations based in the port city of Aktau, which is located approximately 80km from Block 31. The Block 31 permit has a both an Exploration Licence as well as a Production Licence for its three oilfields – West Zhetybai, Akkar East and Akkar North (East Block). The West Zhetybai field is currently producing under the Company’s Exploration Licence and will do so until the beginning of September 2021. This field produces from the J-58 well and is able to flare gas whilst in production and therefore is under no constraints in terms of its production profile. Daily production from J-58 is ~40 tonnes (300 barrels) per day. The Akkar East oilfield has successfully transitioned into Commercial Production and now operates under its 25 year Production Licence. The Company has yet to install the requisite infrastructure required to achieve 100% gas utilisation and therefore the Akkar East field must operate under certain restrictions as set out under the Kazakh Sub Surface Code. These restrictions mean that production from the Akkar East field is constrained and that the 3 wells on this field (J-51, J-52 and well 19) can only produce a cumulative total of ~20 tonnes (150 barrels) per day until the infrastructure issue is addressed. The Akkar North (East Block) field is currently shut in as the Company goes through the various approvals required for the field to transition into Commercial Production. This process is expected to be completed by the end of 1H 2021, at which time the field will recommence production from the J-50 well. The lack of the requisite infrastructure in place to achieve 100% gas utilisation means with this well will operate under the same restrictions as the wells on the Akkar East field and production from J-50 will be limited to ~7 tonnes (55 barrels) per day. The Company is currently only able to sell oil its produces into the Kazakh domestic market. Once the requisite topside gas utilisation infrastructure has been built and approved, production can return to unconstrained levels on all fields (meaning a cumulative total of ~125 tonnes (1000) barrels) per day) and oil can be sold into the export market under the terms of the Company's Production Licence. Further work on the building of the infrastructure will be carried out once a suitable funding package has been finalised. 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.

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