Welcome to Jupiter Energy Limited
Jupiter Energy Limited (ASX: JPR, AIM: JPRL and KASE: AU_JPRL) is an oil exploration and production company, listed on the Australian Stock Exchange (ASX), London's Alternative Investment Market (AIM) and the Kazakh Stock Exchange (KASE). Its 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 10 year exploration licence (8 years [approved] + a possible extension of 2 years) as well as a 25 year production licence. The current 8 year exploration period runs until December 2014. An application for an extension to December 2016 is currently in progress. The Company currently has 4 wells approved for Trial Production (J-50, J-51, J-52 and J-53) and a further 3 wells that have applications for their Trial Production Licences in progress (J-55, J-58 and J-59). All oil produced during Trial Production is sold into the domestic market. The Company has commenced the planning process for the building of the requisite topside infrastructure needed to enable the J-50, J-51, J-52 and J-53 wells to move from Trial to Full Production, thereby gaining approval to sell oil into the export market. 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.