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Finance and Asset Management selling Asset Management and Direct Investment 

July 23, 2020

Jupiter Energy published a few important quarterly updates for the period to 30 June 2020.

The main highlights are:

  • Jupiter’s oil production is limited to 2 wells as of yet. Company is still waiting for regulatory approvals from Akkar East oilfield. Jupiter expects all the necessary approvals to come through in the next few weeks.
  • Oil continues to be sold via a prepayment contract with a local oil trader into the domestic oil market
  • VTB Capital will be engaged to assist with a Strategic Review that the company is currently undergoing. This will include the review of strategic operations and analysis of various options to enable the ongoing development of Block 31

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Finance and Asset Management selling Asset Management and Direct Investment 

July 21, 2020

Jupiter Energy: Operations Update

The board of Jupiter Energy Ltd has decided to undergo a Strategic Review to examine all future development opportunities of its acreage in Kazakhstan.

Jupiter has been active in Kazakhstan since 2008. The company has managed to produce and sell over 1m barrels of oil and has discovered 3 oil fields.

Jupiter is currently waiting to final local governmental regulatory approvals in order to transition its fields into Commercial Production. A move to Commercial Production will require greater investment in infrastructure and will enable the stakeholders to maximise the value of the company’s assets.

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