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   * Prospectivity of Block 31
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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. The
Block 31 permit had a both an Exploration Licence as well as a Production
Licence for its three oilfields – West Zhetybai, Akkar East and Akkar North
(East Block). The Company’s Exploration Licence has now expired and all
oilfields are subject to the Company’s Commercial Licence. The Akkar East and
Akkar North (East Block) oilfields have already successfully transitioned into
Commercial Production and now operate under its 25 year Production Licence.
Because the Company has yet to install the requisite infrastructure required to
achieve 100% gas utilisation, both these oilfields must operate under certain
restrictions as set out under the Kazakh Sub Surface Code. These restrictions
mean that production from the Akkar East field is constrained and that the 3
wells on this field (J-51, J-52 and well 19) can only produce a cumulative total
of ~20 tonnes (~150 barrels) per day until the gas utilisation infrastructure
issue is addressed. The Akkar North (East Block) has also yet to install the
requisite infrastructure required to achieve 100% gas utilisation and therefore
production from this oilfield is also constrained. The J-50 well located on this
field can only produce at ~8.5 tonnes (~70 barrels) per day. The West Zhetybai
field has begun the approval process to transition to Commercial Production and
will be shut in until late 1Q 2022. When West Zhetybai returns to production, it
is expected this field will produce at a constrained rate of ~15 tonnes (~110
barrels) per day. The Company has recently announced plans to develop a detailed
Project Plan to achieve 100% Gas Utilisation by 1Q 2023. Until then, the Company
is only able to sell the oil its produces into the Kazakh domestic market. Once
the requisite topside gas utilisation infrastructure has been built and
approved, production can return to unconstrained levels on all fields (meaning a
cumulative total of ~100 tonnes (~750 barrels) per day and at that time the
Company can also apply to sell its oil into the export market under the terms of
the Company's Commercial Production Licence. Further announcements regarding the
building of the gas utilisation infrastructure will be made as appropriate. 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.


LATEST NEWS

March 16, 2022 JPR Interim Accounts for the HY ended 31 Dec 2021 March 15, 2022
Lodgement of 100 Gas Utilisation Plan March 4, 2022 Proposed Issue of Securities
- JPR March 4, 2022 Agreement Reached with Noteholders on Debt Restructure Plan
January 18, 2022 Appendix 5B - Dec 2021 January 18, 2022 Quarterly Activities
Report - Dec 2021

More »


BLOCK 31

 * Drilling Program
 * Kazakhstan Oil Sector
 * Geology of the Mangistau
 * Prospectivity of Block 31


COMPANY PRESENTATION



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