Drilling Program

--- Drilling ProgramJPR has a 5 well Commitment Program on Block 31. The 2009 well (J-50), the 2010 well (J-52) and the 2011 well (J-51) have all been completed. All 3 wells were commercial discoveries. The 1st of the two 2012 wells (J-53) reached Total Vertival Depth (TVD) on 21 January 2012. The well will be cased and completed and flow test results are expected during 1Q 2012. A further well is planned for 2012 (J-55) to complete the 5 well program.

The J-51 well is currently on its 3 month production testing phase.

J-50 and J-52 have had their Trial Production Licence (TPL) applications approved by the Kazakh Central Development Committee and both wells are expected to go on to production during 1Q 2012.

Further details of the 2011/2012 drilling campaign will be announced as they become available.