Drilling Program

JPR has completed the drilling of eight wells. Five wells (J-51, J-52, J-58, J-59 and Well 19) have their Trial Production Licences (TPL) approved for the 2017-2019 period. The J-50 well TPL application is currently being considered by the relevant Kazakh authorities. The J-53 and J-55 wells will require further remedial work before being brought onto production. Oil produced during the Trial Production period can only be sold into the domestic market. Production is currently from the three Akkar East wells (J-51, J-52 and 19) and it is expected that the two West Zhetybai wells (J-58 and J-59) will be on production in 3Q 2018. Further details of the 2018-2019 drilling campaign will be announced as they become available.