Australia's Jupiter Energy gains on Kazakhstan gas utilisation deal

Jupiter Energy

16/09/2021 04:01

** Oil and gas explorer's shares  JPR.AX  more than double
to A$0.10, on track for biggest intraday pct gain since October
2020
    ** Company says it has signed a framework agreement with
Kazakhstan-based oilfield infrastructure firm Sleipnir
Technologies LLP  urn:newsml:reuters.com:*:nASX1K9Wsh
    ** Sleipnir will work with Jupiter Energy to achieve 100%
gas utilisation from all of company's three oilfields in
Kazakhstan
    ** JPR stock highest since October 2020
    ** Company's shares down 25.5% this year, as of last close

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))