Block 36
Jupiter Energy Limited holds a 100% interest in a license area (Block 36) located in the Mangistau Basin in South West Kazakhstan. The permit currently covers an area of ~35km2 and is located on trend with other producing oil fields that have potential resource in excess of ~52 million barrels of oil (mmbbls). The licence area is located within the Zhetybai-Uzen step, adjacent to the Akkar North and North West Zhetybai oilfields. Government records indicate that there has already been production of approximately 6 billion barrels of oil within this region. The Block has had 3D seismic shot over 235 km2 covering all of Block 36 and some surrounding acreage. The Company has completed nine wells on the permit (J-50, J-51, J-52, J-53, J-55, J-57, J-58, J-59 and Well 19) and discovered three separate oilfields - Akkar North (East Block) oilfield (J-50), Akkar East oilfield (J-51, J-52, J-53, J-57 and Well 19) and the West Zhetybai oilfield (J-55, J-58 and J-59).
All three oilfields are producing under their full Commercial Licenses with production currently at ~600 bopd from 4 production wells. Further wells are planned under the Drilling Program and the Company is also reviewing remediation plans for some of its other existing wells.