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 operates all three oilfields under its 25 year Commercial Production Licence. The Company has recently completed the installation of the requisite infrastructure required to achieve 100% gas utilisation. With this infrastructure in place, the three oilfields are returning to optimal production levels, with cumulative production currently at ~90 tonnes (675 barrels) per day.
The Company has now been granted approval to sell its oil into the export market and during April 2023 recorded its first export sales.
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.
