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. Three oilfields have been discovered on the permit area – West Zhetybai, Akkar East and Akkar North (East Block). The Company’s Exploration Licence has now expired and all three oilfields are operating under its 25 year Commercial Production Licence. The Company is currently completing the installation of the requisite infrastructure required to achieve 100% gas utilisation. Once the infrastructure has been fully installed and approved to operate (expected during March 2023), the oilfields will be able to return to optimal production levels, increasing cumulative daily production to ~100 tonnes (750 barrels) per day. At present, the cumulative production rate is ~30 tonnes (225 barrels) per day. Once 100% gas utilisation is achieved, the Company can also apply to sell its oil into the export market. Currently all oil is sold into the domestic market. Further announcements regarding the installation and approval 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.
