{"id":10559,"date":"2024-10-03T15:50:37","date_gmt":"2024-10-03T15:50:37","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/10\/03\/jupiter-energy-sustainable-long-term-profitable-oil-exploration-and-production-in-kazakhstan\/"},"modified":"2024-10-03T15:50:37","modified_gmt":"2024-10-03T15:50:37","slug":"jupiter-energy-sustainable-long-term-profitable-oil-exploration-and-production-in-kazakhstan","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/10\/03\/jupiter-energy-sustainable-long-term-profitable-oil-exploration-and-production-in-kazakhstan\/","title":{"rendered":"Jupiter Energy: Sustainable, Long-term, Profitable Oil Exploration and production in Kazakhstan"},"content":{"rendered":"

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Operating in Kazakhstan since 2008, Jupiter Energy (ASX:JPR) is an established oil exploration and production company producing approximately 600 to 700 barrels of oil per day. The company\u2019s operations are fully compliant, with its three commercial production licenses secured until 2045\/46\/49. Jupiter Energy\u2019s reserve base has been independently confirmed by a Sproule International competent person\u2019s report (CPR), effective 31 December 2023, detailing significant recoverable reserves.<\/p>\n

Jupiter has successfully transitioned its oilfields through the various regulatory phases required to reach full commercial production. Its three oilfields \u2013 Akkar East, Akkar North (East Block) and West Zhetybai \u2013 all operate under their respective 25-year full commercial licences. The company\u2019s established compliance and operational framework underline its commitment to long-term sustainable production in Kazakhstan.<\/p>\n<\/div>\n

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Block 31 is Jupiter Energy\u2019s flagship project located in the Mangistau Basin of West Kazakhstan. Covering an area of approximately 123 sq km, it lies in a highly prospective region with proven oil reserves. The company acquired extensive 3D seismic data over the entire block and surrounding areas, totaling 235 sq km, which then enabled the identification of multiple drilling targets.<\/p>\n<\/div>\n

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Company Highlights <\/h3>\n

Operating in Kazakhstan since 2008, with three oilfields under licence.Holds commercial production licenses for all three oilfields, valid until 2045\/2046\/2049.Current production is approximately 640 barrels per day from four wells, with plans to increase to approximately 1,000 barrels per day by the end of 2024.After-tax NPS (20 percent discount) of US$180 million, with an EV of approximately AU$54 million (~US$36 million) \u2013 based on a share price of AU$0.025 per share.Operates in West Kazakhstan in the Mangistau region, a proven area for Kazakhstan\u2019s oil reserves.The company is cash flow positive at the operational level.Key shareholders include Waterford (60.5 percent) and Blackbird Trust (21 percent), aligning interests and providing stability.Jupiter\u2019s strategic investment in gas utilisation infrastructure, signifies its commitment to sustainable operations and its contribution to the welfare of the local community.<\/p>\n<\/div>\n

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This Jupiter Energy profile is part of a paid investor education campaign<\/em><\/em>.*<\/p>\n

Click here to connect with Jupiter Energy (ASX:JPR) to receive an Investor Presentation<\/p>\n<\/div>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Operating in Kazakhstan since 2008, Jupiter Energy (ASX:JPR) is an established oil exploration and production company producing approximately 600 to 700 barrels of oil per day. The company\u2019s operations are fully compliant, with its three commercial production licenses secured until 2045\/46\/49. Jupiter Energy\u2019s reserve base has been independently confirmed by a Sproule International competent person\u2019s […]<\/p>\n","protected":false},"author":0,"featured_media":10560,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-10559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/10559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=10559"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/10559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/10560"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=10559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=10559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=10559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}