Jupiter Energy Jupiter Energy Jupiter Energy

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 had 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 Company’s Exploration Licence has now expired and all oilfields are subject to the Company’s Commercial Licence. The Akkar East and Akkar North (East Block) oilfields have already successfully transitioned into Commercial Production and now operate under its 25 year Production Licence. Because the Company has yet to install the requisite infrastructure required to achieve 100% gas utilisation, both these oilfields 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 gas utilisation infrastructure issue is addressed. The Akkar North (East Block) has also yet to install the requisite infrastructure required to achieve 100% gas utilisation and therefore production from this oilfield is also constrained. The J-50 well located on this field can only produce at ~8.5 tonnes (~70 barrels) per day. The West Zhetybai field has begun the approval process to transition to Commercial Production and will be shut in until late 1Q 2022. When West Zhetybai returns to production, it is expected this field will produce at a constrained rate of ~15 tonnes (~110 barrels) per day. The Company has recently announced plans to develop a detailed Project Plan to achieve 100% Gas Utilisation by 1Q 2023. Until then, the Company is only able to sell the 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 ~100 tonnes (~750 barrels) per day and at that time the Company can also apply to sell its oil into the export market under the terms of the Company's Commercial Production Licence. Further announcements regarding the building of the gas utilisation infrastructure will be made as appropriate. 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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