Jupiter Energy Limited

• 03/02/12

  Appendix 3B

• 03/02/12

  Issue of Shares

• 31/01/12

  Quarterly Report

• 31/01/12

  Appendix 5B

• 25/01/12

  J-53 Drilling Update

• 

  09/11/11

  Jupiter Energy joins AIM with a busy schedule in Kazakhstan

  Jupiter Energy’s debut on AIM this morning kick-starts a busy period that should chart its transition from explorer to fully-fledged oil producer. 

• 

  23/03/10

  Jupiter Energy strikes oil in primary target of J-50 well

  It is the news both investors and the company have been hoping for. Oil and gas explorer and producer Jupiter Energy has confirmed the presence of oil in the Middle Triassic Reservoir.

• 31/01/12

  Jupiter Energy encouraged by progress at Block 31 - UPDATE

• 31/01/12

  Jupiter Energy encouraged by progress at Block 31, 3D data identifies several prospects

• 25/01/12

  Jupiter Energy finds oil in primary target of J-53 well - UPDATE

• 25/01/12

  Jupiter Energy finds oil in primary target of J-53 well, Kazakhstan

• 16/01/12

  Jupiter Energy worth significantly more than market value, says finnCap

•  

  13/01/2012

  Stocktube video - Jupiter Energy CEO says 2012 will be a transformational year for the company

  Geoff Gander, Chairman & CEO of Jupiter Energy (ASX:JPR LON:JPRL), , tells Proactive Investors that this year and next will be very exciting for the company. Having already drilled three wells at the project in Kazakhstan, each having produced oil, Jupiter is currently working on its fourth drill hole. Geoff also talks about the strong institutional investor base.
• 

  12/01/2012

  Jupiter Energy One2One Investor Presentation - 12th January 2012 (PDF)

  Jupiter Energy One2One Investor Presentation - 12th January 2012

Kazakhstan Oil Sector

Oil & Gas is the largest sector and driver of growth for almost all Central Asian economies. Kazakhstan has the Caspian region's largest recoverable crude oil reserves and in Kazakhstan, production is expected to double over the next decade to over 3 million barrels per day.

Kazakhstan has 3 oil refineries located in Pavlodar (northern region), Atyrau (western region) and Shymkent (the South) with an estimated total refining capacity currently standing at ~430,000 barrels of oil per day.

Output primarily comes from the country's three largest fields, Tengiz, Kashagan and Karachaganak. Many of the worlds majors are involved in the development of these fields. Chevron holds important stakes in Tengiz and Karachaganak and a number of National Oil Companies (primarily Chinese) also have significant stakes in all the large Kazakh onshore fields. The state owned KazMunaiGas is also an important stakeholder in most of the largest fields in the country. Other companies invested in the area include ENI, BG, Total, LUKoil, Shell, ExxonMobil, ConocoPhilips and Inpex.

There are three significant hydrocarbon basins: the pre Caspian, the Mangyshlak and the South Turgai basins. The potential of the region became obvious (particularly to the West) with the discovery of Tengiz in the 1970's but the lack of foreign investment and access to technology meant that the development of the sector really only began in earnest in the 1990's.

Whilst the highly technical nature of many of the fields in the pre Caspian has restricted development to the global oil majors, other oil producing areas represent significant opportunities for smaller E&P companies, such as Jupiter Energy Limited.

Block 31

Jupiter Energy Limited holds a 100% interest in an exploration permit (Block 31) located in the Mangistau Basin in South West Kazakhstan. The permit currently covers an area of 123 km2 and is located on trend with three existing producing oil fields that have potential resource in excess of 56 million barrels of oil (mmbbls). The prospective permit is located within the Zhetybai-Uzen step, adjacent to the Akkar North and North West Zhetybai oilfields. Government records indicate that there has already been production of approximately 6 billion barrels of oil within this region. The Block has had 3D seismic shot over the entire 65 km2 and the Company has completed its first two wells on the permit (J-50 and J-52). Both were commercial discoveries.

J-50 has completed its 3 month production testing phase and the Company is in the process of applying for a Trial Production licence for this well.  J-52 is currently undergoing its 3 month production testing phase.

Regular updates on the progress being made with the J-52 well and plans for the 2011 and 2012 commitments will be released via ASX announcements that can be accessed through the Newsroom link.

Reasons for Success

• JPR believes it has the following key elements that will ensure it becomes a successful oil producer in one of the most prospective oil producing countries in the world:
• An experienced and well connected board and management.
• A proven local team with access to skilled Kazakh human resources/companies.
• A strong cornerstone investor with a proven track record in assisting in the development of emerging exploration and production companies.
• 100% ownership of an excellent piece of acreage in the oil rich Mangistau Basin, SW Kazakhstan. A recent independent review of the Triassic structure by Senergy Limited confirmed that the permit contains ~ 24 mmbbls 2P reserves. Further reviews will be completed post the drilling of the 2011 and 2012 commitment wells.
• Commercial discoveries with its first two wells (J-50 and J-52).
• Access to the export oil market through the nearby port city of Aktau - thereby giving the Company the opportunity to monetise oil discoveries at the best possible prices.

JPR has a 5 well Commitment Program on Block 31. The 2009 well (J-50) and the 2010 well (J-52) have been completed and 3 further wells are planned for 2011 and 2012 to complete the 5 well program.

J-50 and J-52 were commercial discoveries and both wells have under gone or are in the process of a 3 month production testing program. A Trial Production Licence (TPL) application is currently being submitted for J-50 and a TPL for J-52 will be submitted in due course.

Prospectivity for Block 31

Jupiter’s Block 31 shown on Figure 1 is amongst the producing fields of the basin.  The 3 wells drilled in the block have all discovered oil.  NWZ 2 was drilled by the Soviets in 1969 and Jupiter has drilled J-50 and J-52 since taking ownership of the permit in 2008. The bulk of the reserves have been encountered in the Mid Triassic Carbonates with additional potential in the Z sand (likely Jurassic).

Fig 5 – Mid Triassic Northeast Akkar Oil Field with line of section

Fig 6 – J-50 Dip Section

J-52 encountered the Z sandstone which flowed oil in NWZ#2 in an updip position.  This 25m sand is oil saturated on logs and core but has not yet been flow tested.  Full core analysis, paleo dating and a 3 month flow test will help quantify the value of this reservoir.

Fig 7 – NWZ#2 to J-52 Dip Section

Geoff Gander-Chairman/CEO

Geoff graduated from the University of Western Australia in 1984 where he completed a Bachelor of Commerce Degree. He has been involved in the listing and running of public companies since 1994. Geoff was appointed as a Director of Jupiter Energy Limited on 27 January 2005 and is currently responsible for Group Corporate Development, Group Investor Relations and overall Operational Leadership.

Alastair Beardsall-Non-Executive Director

Alastair (56) has been involved in the oil industry for 30 years. In 1980 Alastair started work with Schlumberger, the oil-field services company, and from 1992 he began working for independent exploration and production operators, with increasing responsibility for specific exploration, development and production ventures. Between September 2003 and October 2009, Alastair was Executive Chairman of Emerald Energy plc during which time Emerald grew, from a market capitalisation of less than £8 million, until in October 2009 Emerald was acquired by Sinochem Resources UK Limited, for £7.50 per share in a transaction that valued Emerald at £532 million. Alastair is currently Executive Chairman on the AIM listed Sterling Energy Plc.

Baltabek Kuandykov-Non-Executive Director

Baltabek is currently President of Meridian Petroleum, a privately held Kazakh oil & gas company. He was formerly President of Nelson Resources Limited, the oil development and production company operating in Kazakhstan which was listed on the Toronto Stock Exchange until its acquisition by Lukoil in 2005. Mr Kuandykov has considerable experience in the oil and gas industry in the region, having served as President of Kazakhoil (predecessor of the Kazakh State oil company KazMunaiGas) and is a well respected consultant to Chevron Overseas Petroleum on CIS projects. He also worked in a senior capacity for Kazneftegazrazvedka and was president of Kazakhstancaspishelf. Mr Kuandykov also has extensive government experience in Kazakhstan, having served as Deputy Minister of Geology, Head of the Oil and Gas Directorate at the Ministry of Geology, and was Deputy Minister of Energy and Fuel Resources.

Scott Mison-Non Executive Director/ Company Secretary

Mr Mison holds a Bachelor of Business degree, major in Accounting and Business Law, is a Member of the Institute of Chartered Accountants in Australia and Chartered Secretaries Australia. Mr Mison was until recently an Associate Director of Capital Investment Partners Pty Ltd, a corporate advisory firm which delivers a comprehensive range of investment banking services including strategic capital raising, merger and acquisition and financial advisory services, primarily to small-cap emerging listed companies.

Top 20 Shareholders as of 1 May 2011

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