Jupiter Energy Limited (ASX:JPR)
Jupiter Energy Limited is an Australia-based oil exploration and production company. The Company is engaged in exploration of oil and gas, and appraisal, development and production of oil and gas properties in Kazakhstan. The Company owns exploration permit, Block 31 in the Mangistau Basin, West Kazakhstan. Block 31 is approximately 123 square kilometers in size and the entire permit covers an area of oil production. The Company has its operations based in the port city of Aktau, which is located approximately 80 kilometers from Block 31. The Block 31 permit has a both an Exploration License, as well as a Production License for its three oilfields, including West Zhetybai, Akkar East and Akkar North. The West Zhetybai field is producing under the Company’s Exploration License. The Akkar East oilfield has transitioned into commercial production and operates under its Production License.