Australia's Jupiter Energy set for best day in 2-1/2 weeks on product delivery update

Jupiter Energy

06/03/2023 01:22

** Shares of Jupiter Energy Ltd  JPR.AX  jump as much as
15.2% to A$0.038, set to mark best day since Feb 17, if gains
hold
    ** The oil and gas producer says five gas-to-electricity
generators have been delivered to Aktau port city and are
expected to be operational this month 
    ** Co notes recent transition from its exploration licence
to a commercial licence, operating under preparatory period
restrictions
    ** Says applied to Kazakh Ministry Of Energy for a quota to
sell a portion of its eligible oil production into export market
    ** Stock hits highest since Feb 24
    ** Stock up 26.9% this year, as of last close


 (Reporting by Poonam Behura)
 ((Poonam.Behura@thomsonreuters.com;))