Executive Summary
Jupiter Energy Limited is an oil exploration and production company, listed on both the Australian Stock Exchange (ASX) and London AIM (AIM), with acreage in Kazakhstan. Its initial purchase was 100% of an exploration permit (known as Block 31) in the Mangistau Basin. Block 31 is currently 123 km2 in size after a recent 59 km2 extension and the entire permit covers an area of proven oil production. The Block 31 permit has a 10 year exploration licence (initial 6 years + two possible extensions of 2 years each) as well as a 25 year production licence. The Company has its operations based in the port city of Aktau, which is located approximately 80km from Block 31. 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.
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