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Welcome to Jupiter Energy Limited

Jupiter Energy Limited (ASX: JPR) is an oil exploration and production company, listed on the Australian Stock Exchange (ASX). 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. The current exploration period for the Akkar North (East Block) oilfield runs until the end of 2020, the exploration period for the West Zhetybai oilfield runs until the end of September 2021 and the Company is in the process of completing the approval process to move the Akkar East oilfield into commercial production under its 25 year Production Licence. The Company currently has shut in all production due to the weak global oil price and will review its production plans as the oil price improves.  The production capacity from the three oilfileds is approximately 1000 barrels of oil per day (125 tonnes) from 5 of its wells (J-50, J-51, J-52, J-58 and well 19) which are located on the three oilfields - Akkar North (East Block), Akkar East and West Zhetybai. The Company is only able to sell oil produced under Trial Production licences into the domestic market. Once the requisite topside infrastructure has been built and approved, 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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