About Company
Jupiter Energy Limited is an oil exploration and production company, listed on the Australian Stock Exchange (ASX), under the ticker "JPR" and on the Kazakh Stock Exchange (KASE) under the code AU_JPRL. The Company has acreage in Kazakhstan where it owns 100 per cent of Block 31 - an exploration permit in the oil rich Mangistau Basin.
The Company has almost all its employees based in its Aktau office, the Company's Operational Centre, which is located some 80km from Block 31. The Company is a strong believer in supporting local content and is committed to local employment with all its employees based in Aktau being Kazakh.
Specific details on day to day operations are contained in the relevant sections of this web site. All major areas of progress are advised to shareholders through announcements by the Company to the ASX and KASE.
Kazakhstan is strategically located in Central Asia between Russia and China, and its position as the most stable and economically developed state in the Central Asian region means that it is well situated to develop its rich natural resources as well as to sell these resources into the growing Chinese market.
The current, modern capital of Kazakhstan – Astana is one of the youngest and quickest growing capitals of the world. The city was established in 1997 and the President of Kazakhstan, Nursultan Nazarbaev, has set an ambitious goal for Astana to become one of the world’s top-30 most beautiful, competitive and business-favourable cities by 2030.
Kazakhstan has one of the most successfully developing economies in the world. It has enjoyed a steady growth in its Gross Domestic Product (GDP) for the last five years with year-on-year increases of over 9%. This is principally due to the result of systematic reforms (including privatisation and liberalisation of trade and prices) foreign investment, and the increases in both agricultural production and commodities prices over the past few years.
Since 1993, the Country has attracted more than $US118 billion of foreign direct investment into its economy with significant investors including Western conglomerates including Shell, Exxon Mobil, Chevron and BG Group as well as a range of large Russian and Chinese corporations. By way of example, China currently owns ~20% of Kazakhstan's oil production and ~73 million barrels of oil were exported to China from Kazakhstan in 2010.
Kazakhstan has the 6th largest reserves of natural resources in the world. Kazakhstan possesses enormous oil and gas reserves as well as plentiful supplies of other minerals and metals. Oil and gas reserves (excluding the Caspian Shelf) total 21 billion barrels of oil and gas condensate and the Caspian oilfields of Kazakhstan are estimated to hold an additional 100 billion barrels of recoverable oil. The oil and gas sector of the country accounts for 58 percent of all foreign investments and the industry provides more than 30 percent of all tax proceeds and over 40 percent of the available funds of the country. According to the estimates of international experts, the resource potential of Kazakhstan equates to $US9 trillion with $US500 billion of investment still required to unlock this potential.
Industry analysts believe that planned expansion of oil production, together with the development of new fields, will enable the country to produce as much as 2 million barrels per day by 2015 making the country one of the world’s top 10 oil producers
© Jupiter Energy 2018 |
Welcome to Jupiter Energy Limited
Jupiter Energy Limited (ASX: JPR and KASE: AU_JPRL) is an oil exploration and production company, listed on the Australian Stock Exchange (ASX) and the Kazakh Stock Exchange (KASE). The Company owns 100% of an exploration permit (known as Block 31) in the Mangistau Basin, West Kazakhstan. Block 31 is currently 123km
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 has a 13 year Exploration Licence as well as a 25 year Production Licence. The current 13 year exploration period runs until December 2019. The Company currently has applications with the Kazakh Regulatory Authorities to approve Trial Production Licences for 5 of its wells (J-51, J-52, J-58, J-59 and well 19) for the 2017-2019 period. These wells are located on the Akkar East and West Zhetybai oilfields. The Company also has a 6
production well (J-50) located on the Akkar North (East Block) oilfield and this well will be returned to production as soon as a Trial Production Licence for the 2017-2019 period has been approved. The Company is currently preparing an application for a Trial Production Licence for this well post the resolution of a dispute over the division of Akkar North reserves. Due to low world oil prices, the Company shut in production during 1Q 2015 but is currently preparing to recommence oil production during 4Q 2017. The Company is only able to sell oil produced during the Trial Production period into the domestic market. Once the requisite infrastructure has been built and approved, oil can be sold into the export market under the terms of the Company's 25 year Production Licence. Further work on the building of the infrastructure will be carried out once a suitable funding package has been finalised. 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.
