(JPRL) Jupiter Energy

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Buy UK shares for £1.50 with our regular investing service. Real time trading at £10.

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Time: 23:22 (Market Closed)

Bid	30.00
Ask	30.50
Price	30.25
Previous	30.25
Change	0.00 (0.00%)
Last Trade	30.25 (16:35:05)
Trading Vol.	32,500
Today's High	30.25
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52 Wk Low	26.40
52 Wk Low	(16/01/2012)
52 Wk High	51.50
52 Wk High	(19/03/2012)
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4 Wk Volume	849,597
ISIN Number	AU000000JPR6
Currency	GBX

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08:37

Jupiter Energy - Director/PDMR Shareholding

RNS

RNS Number : 7321D

Jupiter Energy Ltd

21 May 2012

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity JUPITER ENERGY LIMITED

ABN 65 084 918 481

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Geoffrey Gander
Date of last notice	26 August 2011

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	15 May 2012
No. of securities held prior to change	(i) 2,551,113 Ordinary fully paid shares (iii) 666,667 Performance rights
Class	(i) Fully paid ordinary shares (ii) Performance rights expiring 25 August 2012.
Number acquired	N/A
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	(i) 2,551,113 Ordinary fully paid shares (iii) 666,667 Performance rights expiring 31 December 2013
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Change in expiration date to 31 December 2013, approved by shareholders at EGM held 14 May 2012.

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 - +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity Jupiter Energy Limited

ABN 65 084 918 481

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Scott Adrian Mison
Date of last notice	26 August 2011

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	26 August 2011
No. of securities held prior to change	(i) 312,987 Ordinary fully paid shares (ii) 66,667 unlisted options expiring 31/12/2012 @ $2.775 (iii) 133,334 Performance rights
Class	(i) Ordinary fully paid shares (ii) unlisted options expiring 31/12/2012 @ $0.185
Number acquired	N/A
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	(iv) 312,987 Ordinary fully paid shares (v) 66,667 unlisted options expiring 31/12/2012 @ $2.775 (vi) 133,334 Performance rights expiring 31 Dec 2013
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Change in expiration date to 31 December 2013, approved by shareholders at EGM held 14 May 2012.

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Part 3 - +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity Jupiter Energy Limited

ABN 65 084 918 481

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Alastair Beardsall
Date of last notice	26 August 2011

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	15 May 2012
No. of securities held prior to change	(i) 666,667 Ordinary fully paid shares (i) 666,667 Performance rights
Class	(i) Ordinary fully paid shares (ii) 666,667 Performance rights
Number acquired	N/A
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	(ii) 666,667 Ordinary fully paid shares (iii) 666,667 Performance rights expiring 31 Dec 2013
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Change in expiration date to 31 December 2013, approved by shareholders at EGM held 14 May 2012.

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 - +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity Jupiter Energy Limited

ABN 65 084 918 481

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Baltabek Kuandykov
Date of last notice	26 August 2011

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	15 May 2012
No. of securities held prior to change	666,667 Performance rights
Class
Number acquired	N/A
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	666,667 Performance rights expiring 31 Dec 2013.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Change in expiration date to 31 December 2013, approved by shareholders at EGM held 14 May 2012.

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 - +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement,

application for quotation of additional securities

and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.

Name of entity

Jupiter Energy Limited

ABN

65 084 918 481

We (the entity) give ASX the following information.

Part 1 ‑ All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1	+Class of +securities issued or to be issued		Performance Rights

2	Number of +securities issued or to be issued (if known) or maximum number which may be issued		N/A

3	Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)		Performance Rights- Subject to a minimum increase of 25%, the Performance Rights for each holder shall vest in proportion to the % increase in the Share price of the Company above 73.5 cents basis (Vesting Condition) expiring 31 December 2013

4		Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state: · the date from which they do · the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment · the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment	N/A

5		Issue price or consideration	Nil

6		Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)	Extension of expiry date - Approved at EGM held on 14 May 2012.

7		Dates of entering +securities into uncertificated holdings or despatch of certificates	15 May 2012

			Number	+Class
8		Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)	116,130,154	Ordinary Shares

		Number	+Class
9	Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)	2,133,335 400,000 266,668 200,001 4,600,000	Subject to a minimum increase of 25%, the Performance Rights for each holder shall vest in proportion to the % increase in the Share price of the Company above 73.5 cents basis (Vesting Condition) expiring 31 December 2013 options at $1.50 expiring 31 Dec 2012 options at $2.25 expiring 31 Dec 2012 Options - exercise price $2.775 expiring 31 Dec 2012 Convertible notes - $0.75 expiring 29 September 2013.

10	Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)	No stated policy

Part 2 ‑ Bonus issue or pro rata issue

11	Is security holder approval required?

12	Is the issue renounceable or non-renounceable?

13	Ratio in which the +securities will be offered

14	+Class of +securities to which the offer relates

15	+Record date to determine entitlements

16	Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?

17	Policy for deciding entitlements in relation to fractions

18	Names of countries in which the entity has +security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7.

19	Closing date for receipt of acceptances or renunciations

20	Names of any underwriters

21	Amount of any underwriting fee or commission

22	Names of any brokers to the issue

23	Fee or commission payable to the broker to the issue

24	Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders

25	If the issue is contingent on +security holders' approval, the date of the meeting

26	Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled

27	If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders

28	Date rights trading will begin (if applicable)

29	Date rights trading will end (if applicable)

30	How do +security holders sell their entitlements in full through a broker?

31	How do +security holders sell part of their entitlements through a broker and accept for the balance?

How do +security holders dispose of their entitlements (except by sale through a broker)?

+Despatch date

Part 3 ‑ Quotation of securities

You need only complete this section if you are applying for quotation of securities

Type of securities

(tick one)

(a)

Securities described in Part 1

(b)

All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35		If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders

36		If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

37		A copy of any trust deed for the additional +securities

Entities that have ticked box 34(b)

38	Number of securities for which +quotation is sought

39	Class of +securities for which quotation is sought

40	Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state: · the date from which they do · the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment · the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

41	Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security)

		Number	+Class
42	Number and +class of all +securities quoted on ASX (including the securities in clause 38)

Quotation agreement

1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.

2 We warrant the following to ASX.

· The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.

· There is no reason why those +securities should not be granted +quotation.

· An offer of the ⁺securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

· Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.

· We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the +securities to be quoted, it has been provided at the time that we request that the +securities be quoted.

· If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.

3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: Date: 21 May 2012

(Director / Company Secretary)

Print name: Scott Mison

== == == == ==

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSABMRTMBJTMAT

14-05-12

Jupiter Energy - Result of General Meeting

RNS

RNS Number : 2596D

Jupiter Energy Ltd

14 May 2012

Jupiter Energy Limited ("Jupiter" or the "Company")

RESULTS OF GENERAL MEETING

In accordance with ASX Listing Rule 3.13.2 the directors advise that the resolutions put to shareholders were carried at the General Meeting of the Company held earlier today.

The resolutions carried were: -

1. "That, for the purpose of ASX Listing Rule 7.1 and for all other purposes, approval is given for the Directors to allot and issue up to 8,215,000 Shares to Soyuzneftegas Capital Limited (or its nominee) upon the conversion of Convertible Notes on the terms and conditions set out in the Explanatory Statement."

2. "That, subject to and conditional upon the passing of Resolutions 3, 4 and 5, for the purposes of Chapter 2E of the Corporations Act, ASX Listing Rule 6.23.2 and for all other purposes, approval is given for the Proposed Amendment to the terms of the Performance Rights held by Director Mr Geoff Gander, as set out in the Explanatory Memorandum.

3. "That, subject to and conditional upon the passing of Resolutions 2, 4 and 5, for the purposes of Chapter 2E of the Corporations Act, ASX Listing Rule 6.23.2 and for all other purposes, approval is given for the Proposed Amendment to the terms of the Performance Rights held by Director Mr Alastair Beardsall as set out in the Explanatory Memorandum.

4. "That, subject to and conditional upon the passing of Resolutions 2, 3 and 5 for the purposes of Chapter 2E of the Corporations Act, ASX Listing Rule 6.23.2 and for all other purposes, approval is given for the Proposed Amendment to the terms of the Performance Rights held by Director Mr Baltabek Kuandykov, as set out in the Explanatory Memorandum".

5. "That, subject to and conditional upon the passing of Resolutions 2, 3 and 4, for the purposes of Chapter 2E of the Corporations Act, ASX Listing Rule 6.23.2 and for all other purposes, approval is given for the Proposed Amendment to the terms of the Performance Rights held by Director Mr Scott Mison, as set out in the Explanatory Memorandum

A summary of proxy votes in relation to the resolution passed is attached.

SCOTT MISON

Director / Company Secretary

GENERAL MEETING - 14 MAY 2012

DISCLOSURE OF PROXY VOTES

In accordance with section 251AA of the Australian Corporations Law, the following information is provided to AIM in relation to resolutions passed by members of Jupiter Energy Limited at its General Meeting held on 14 May 2012.

	Resolution Number	Resolution Number	Resolution Number	Resolution Number	Resolution Number
	1	2	3	4	5
Decided by show of hands (S) or poll (P)	S	S	S	S	S
Total number of proxy votes exercisable by proxies validly appointed	49,934,337	58,685,038	60,769,484	61,436,151	61,218,175
Total number of proxy votes in respect of which the appointments specified that:-
- the proxy is to vote for the resolution	49,362,825	56,582,342	55,915,675	56,582,342	56,609,009
- the proxy is to vote against the resolution	360,882	848,836	848,836	848,836	822,169
- the proxy may vote at the proxy's discretion	171,694	94,933	94,933	94,933	94,933
- the proxy is to abstain on the resolution	38,936	1,158,927	3,910,040	3,910,040	3,692,064

ENDS

Enquiries:

Jupiter Energy Limited +61 89 322 8222

Geoff Gander geoff@jupiterenergy.com

finnCap Ltd +44 (0)20 7220 0500

Sarah Wharry/Christopher Raggett (Corporate Finance)

Simon Johnson (Corporate Broking)

Media Enquiries:

Allerton Communications +44 (0)20 3137 2500

Peter Curtain peter.curtain@allertoncomms.co.uk

About the Company:

Jupiter Energy Limited is an oil exploration and production company, quoted on both the AIM and ASX markets. The Company is focused on developing its onshore assets in western Kazakhstan. In 2008 the Company acquired 100 per cent of the Block 31 permit, located in the oil-rich Mangistau Basin, close to the port city of Aktau.

Jupiter Energy has a proven in-country management team, led by an experienced, international Board, together possessing the skills, knowledge, network and attention to detail needed to operate successfully in Kazakhstan. The forward plan will see Jupiter Energy develop a group facility on site to process, store and ship oil. This topside infrastructure is a key element in moving to licensed production and the achievement of self-funding.

This information is provided by RNS

The company news service from the London Stock Exchange

END

REGEAPSLFAKAEEF

30-04-12

Jupiter Energy - Quarterly Report

RNS

RNS Number : 2742C

Jupiter Energy Ltd

30 April 2012

Jupiter Energy Limited ("Jupiter" or the "Company")

KEY POINTS:

• Trial Production from the J-50 and J-52 wells has now commenced. Initial combined production rate is expected to be ~600 bopd

• Jupiter Energy has agreements in place to sell its produced oil at $US400 per tonne (~$US58/barrel)

• Contracts signed with two traders to purchase initial production of 6,000 tonnes (3,000 tonnes each). Initial payment of $US1.2m has been received and further $US1.2m contracted to be paid in early May

• J-53 well has been flow tested at rates of up to ~300 barrels of liquid per day producing a mixture of oil and completion fluids; the completion requires further optimisation to establish a more consistent flow rate

• Preparation of Trial Production Licence applications for both J-51 and J-53 wells are progressing and will soon be ready to submit to Ministry of Oil & Gas for approval

• An application for a 2 year prolongation of the Block 31 Exploration Licence has been submitted to the Ministry of Oil & Gas

• An application for a further extension of Block 31 exploration acreage has been submitted to the Ministry of Oil & Gas

• Fully Underwritten Rights Issue is expected to be carried out as soon as required approvals have been received from the Kazakh authorities

Jupiter Energy Limited (ASX: "JPR" and AIM: "JPRL") presents the following update on activities for the 3 month period ending 31 March 2012. Also included in this report are details of any subsequent events that have occurred up to the date of this release.

The January to March 2012 quarter continued to see measured progress being made by Jupiter Energy Limited (JPR and/or the Company) as we continued to make the transition from pure oil explorer to that of explorer and producer (E&P).

Overview of the Quarter:

On 24 April 2012, the Company announced that its J-50 and J-52 wells had begun Trial Production, providing Jupiter with the opportunity to generate a revenue flow that will contribute to the overall funding of the continued development of Block 31.

During the quarter, the Company completed the first of its two 2012 commitment wells (J-53) and results released during in January 2012 confirmed that this well was a commercial discovery. All four exploration wells drilled on Block 31 since 2009 have been discoveries. Testing of the J-53 well under a natural flow regime during the quarter has exhibited a flow regime with only periods of intermittent production and not at a stable rate. Further work is required to establish a continuous and stable flow regime and this work is ongoing.

In March 2012 the Company submitted an application to the Ministry of Oil & Gas to prolong its exploration licence for a further two years, from December 2012 to December 2014. The Company has a 6+2+2 year exploration licence and this is the first of the two year extensions available to the Company.

During March 2012 the Company also submitted an application for a further extension of Block 31 acreage. If successful, this will provide the Company with additional exploration acreage which may provide a range of potential new exploration leads.

Details on the progress of both these applications will be released when feedback from the Ministry of Oil & Gas is received.

Operations in detail:

J-53 Well:

J-53 is the Company's fourth exploration well and the first of its two 2012 commitment wells on Block 31. The well is located 2.8 km southeast of the J-52 well and has increased the known areal extent of the Akkar East field.

The Company announced in January 2012 that analysis by independent consulting firm Reservoir Evaluation Services LLC ("RES") confirmed approximately 87m of gross and 56m of net pay at the Middle Triassic carbonate reservoir unit, the primary reservoir objective in the well. The cut-offs used were again 3.8% for porosity and 50% for oil saturation. The reservoir appears to be oil on rock and well above the already identified Akkar East oil water contact.

During testing the J-53 well has, under natural flow, exhibited a flow regime with only periods of intermittent production and not as expected at a stable rate; this is thought to be the result of flowing back completion fluids into the well bore which inhibit the natural flow of oil from the reservoir. The fluids recovered so far are a mixture of oil and completion fluids. Jupiter is planning to mobilize a coiled tubing unit to jet the completion fluid from the J-53 well bore which is expected to initiate the steady flow regime expected under natural flowing conditions. The Company is also sourcing equipment to install an electric submersible pump into J53 in the event natural flow cannot be maintained unaided. Analysis of the petro-physical data indicates that J-53 should produce at a long-term steady rate comparable to the other wells, but further work needs to be carried out before confirmation of an expected flow rate. Shareholders will be kept updated on progress.

An application for the J-53 Trial Production Licence is now being prepared for submission to the Ministry of Oil & Gas.

J-51 Well:

The J-51 well was the Company's 2011 Commitment Well. The surface location for J-51 was 2 km southwest from J-50 and 1.7 km northwest from J-52 and the location was designed to evaluate the prospectivity of the primary Triassic target within the structure now known as Akkar East.

The J-51 well carried out a 3 month production test and produced on a 9mm choke at a stabilised flow rate of over 600 barrels of oil per day (bopd). The well has been shut in and an application for the J-51 Trial Production Licence is now being prepared for submission to the Ministry of Oil & Gas.

J-50 and J-52 Trial Production:

The Company announced on 24 April 2012 that Trial Production had commenced on the J-50 and J-52 wells. The Trial Production Licences are issued for a maximum three (3) year duration to allow the Company to concurrently produce oil from the J-50 and J-52 wells while completing the planning and implementation of the necessary surface infrastructure required to develop the discoveries for long term production.

These wells should have an initial combined production of approximately 600 bopd and the Company is taking responsibility for the transportation of the oil to the nearby 3rd party storage facility and for storage costs associated with the oil.

The Company announced on 27 April 2012 that Jupiter Energy had entered into sales agreements with two oil traders for the sale of the oil at the storage facility for a price of $US400/tonne (~$US58/barrel). Both oil traders have agreed to pre pay for the supply of 6,000 tonnes of oil on the basis that each will take 3,000 tonnes; advance payment of $US1.2m has been received by Jupiter and payment of a further $US1.2m contracted to be paid in early May 2012.

Under the new sale arrangements, the cost of transportation from the field and storage at the facility is being borne by Jupiter. The sale price of ~$US58/barrel adjusted for the costs of transportation and storage at ~$US6/barrel, equates to a net price of ~$US52/barrel.

When compared on a like for like basis with oil previously sold from the 90-day production testing of Jupiter wells which was collected at the well head by traders, the Company has achieved an almost 23% increase in revenue per barrel from $US42/barrel to $US52/barrel with the added benefit of 100% prepayment.

J-55:

The Company, after the 2011 extension of Block 31, has increased the Block 31 permit size from ~63km2 to ~123km2 and this new acreage has provided the Company with a range of potential new exploration leads. The Company acquired 3D seismic over this new acreage before the end of 2011 and the new data was processed and interpreted and several new prospects identified.

The 1st well to be drilled on this new area (J-55) will be the final commitment well under the current 6 year exploration licence and this well will spud during 2H 2012.

Exploration and New Ventures:

The Company continues to review new opportunities for growth and has lodged an application for a further extension of the Block 31 territory.

It is expected that as part of this application the Company will need to make a commitment to acquire 3D seismic over any new area and, potentially, to drill further exploration wells. The Company will provide updates on the progress being made with this application as appropriate.

Other new licence opportunities are being evaluated and they can be characterised as Block 31 look-a-likes, namely early-stage exploration acreage with reasonable work commitments. The Company will keep shareholders updated on any material progress being made with the acquisition of any new licence opportunities.

Reserves Update:

An independent estimation of recoverable reserves for Block 31 was detailed in a May 2011 Competent Persons Report (CPR), completed using the Petroleum Resources Management System (PRMS) guidelines. The report was compiled using data from the drilling of the J-50 and J-52 wells. The 2P recoverable estimation was 24.2 million barrels of oil (mmbbl).

Since that time the J-51 and J-53 wells have been completed and a submission has been made to the Kazakh State Reserves Committee for approval of the reserves associated with the J-51 and J-53 wells. The submissions to the Kazakh authorities were based on calculations prescribed in the Russian GOST certification standard such that reserves are classified as C1 and C2 (not 1P, 2P or 3P); the various input parameters in the GOST estimation are derived using a methodology different from that used in the PRMS process.

The Board had planned to complete an estimation of the Company's reserves under the PRMS guidelines during H1 2012 using data from all four discovery wells, however this has been delayed while the Company completes the field work necessary to demonstrate the optimal performance of the J-53.

The Company now plans to complete a comprehensive Competent Persons Report (CPR) under the PRMS guidelines after the next two exploration wells (J-55 and J-56) have been completed. These wells are expected to be drilled on new structures in the southern extension area of Block 31.

As these wells are scheduled to be drilled in 2H 2012, it is expected that the next CPR will be available during 1Q 2013.

Block 31 Work Commitments:

The Company is current with its drilling obligations under the Block 31 contract; the Company has now completed J-53 the first of its two commitment wells for 2012. The second 2012 commitment well, J-55, will be completed during 2012. After J-55 is drilled there are no further work obligations due under Block 31's current 6 year exploration licence which runs through to December 2012.

As detailed above, the Company has lodged an application for a prolongation of the Block 31 Exploration Licence from December 2012 to December 2014. This will be the first of the two prolongations the Company is allowed to make under the contract, with the second extension being for the period December 2014 to December 2016.

On granting of the prolongation, further exploration and development wells are expected to be drilled on Block 31 and the type, quantum, timing and location of these wells will be determined by the Company. There are likely to be several more exploration wells targeting more oil reserves in the new acreage to the south, but there will also be a continued focus on growing the existing Akkar East production profile through the drilling of several appraisal/development wells on that field. This will form part of the process of taking the Akkar East field from Trial Production to Full Production phase.

The major benefit of advancing the Akkar East field from Trial to Full Production is that the Company is allowed under its Production Contract, after all approvals have been given, to sell at least 80% of its oil production from the field into the export market where significantly improved net backs can be achieved.

More detail on the plans to move to Full Production will be released during 2H 2012.

Capital Management:

Further injection of capital will be required before the development of Block 31 will reach self-funding. Whilst the initial prepayment of $US2.4m for oil sales on J-50 and J-52 is beneficial, the Company is planning a capital raise in mid-2012 of sufficient size to achieve the following objectives of (i) putting the J-51 and J-53 wells on Trial Production (ii) drilling of the J-55 well, and, assuming it is a discovery, completion, testing and applying for a Trial Production Licence.

As mentioned in the Operations Report released on 16 March 2012, given the state of the capital markets, and current market capitalisation of Jupiter, the new funds are likely to be raised by means of a rights issue. It is expected that the rights issue will be fully underwritten and a Prospectus will be lodged once the necessary approval for the fund raising have been received from the Kazakh authorities.

Following what is expected to be a mid-year capital raise and completion of the objectives set out above, the directors will consider all available options for financing the further development of the East Akkar field to the stage where export oil sales are being achieved and further development of the field is self-funding; these options may include the further issue of new equity, reserve based debt, convertible debt or a combination of these various instruments.

General Meeting: 14 May 2012

A Notice of Meeting was mailed to shareholders on 11 April 2012 and a general meeting will be held in Perth on 14 May 2012. One of the resolutions to be put to shareholders will be authority for the Board to issue the requisite number of shares to Soyuzneftegas Capital ("SNG") to enable the conversion of their existing $US3.45m Convertible Note to equity.

Shareholders should note that the number of shares to be issued to SNG if the Convertible Note is converted to equity will be calculated using the issue price of the mid year capital raising.

Shareholders are encouraged to review the Notice of Meeting and associated Explanatory Statement, vote on the resolutions and, if possible, attend the meeting in person.

Capital Structure and Finances:

As at 31 March 2012, the Company had 116,130,154 listed shares trading under the ASX ticker "JPR" and AIM ticker "JPRL". The Company had 866,669 unlisted options on issue all expiring on 31 December 2012 with exercise prices between $1.50 and $2.775. The Company also had on issue a total of 2,133,335 unvested Performance Rights.

Unaudited net cash reserves as at 31 March 2012 totalled approximately $A1.57m and during April 2012 a further $US2.4m was contracted for through the prepaid sale of trial production oil. As at the date of this announcement, $US1.2m has been paid and a further $US1.2m is contracted to be paid in early May 2012.

Summary:

The quarter saw continued progress towards the goal of developing Jupiter Energy into a full cycle E&P company with a growing production profile and material reserves.

Geoff Gander

Chairman/CEO

ENDS

Enquiries:

Jupiter Energy Limited +61 89 322 8222

Geoff Gander geoff@jupiterenergy.com

finnCap Ltd +44 (0)20 7220 0500

Sarah Wharry/Christopher Raggett (Corporate Finance)

Simon Johnson (Corporate Broking)

Media Enquiries:

Allerton Communications +44 (0)20 3137 2500

Peter Curtain peter.curtain@allertoncomms.co.uk

In accordance with the guidelines of the AIM Market of the London Stock Exchange, Keith Martens, BSc Geology and Geophysics, with over 35 years' oil & gas industry experience, is the qualified person as defined in the London Stock Exchange's Guidance Note for Mining and Oil and Gas companies, who has reviewed and approved the technical information contained in this announcement.

About the Company:

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCIRMITMBTTBPT

27-04-12

Jupiter Energy - Prepayment plan for oil sales

RNS

RNS Number : 1721C

Jupiter Energy Ltd

27 April 2012

Jupiter Energy Limited ("Jupiter" or the "Company")

Jupiter Energy secures prepayment plan for oil sales

KEY POINTS:

· Trial Production from the J-50 and J-52 wells has now commenced. Initial combined production rate is expected to be ~600 bopd.

· Contracts signed with two oil traders to purchase Jupiter's produced oil at $US400 per tonne (~$US58/barrel).

· Initial production of 6,000 tonnes (3,000 tonnes each) has been sold on a 100% prepaid basis. $US1.2m has been received with further $US1.2m due next week.

The Board of Jupiter Energy Limited, the Kazakhstan-focused oil exploration and production company, trading on AIM ("JPRL") and ASX ("JPR"), is pleased to provide the following update on operations at Block 31, Kazakhstan.

Trial production of J-50 and J-52 has commenced with a combined daily production rate of an expected ~600 barrels of oil per day (bopd); all production is transported by road tanker to a 3^rd party processing and storage facility.

Jupiter Energy has entered into agreements with two oil traders for the sale of Jupiter's oil at the storage facility for a price of $US400/tonne (~$US58/barrel). Both oil traders have agreed to 100% prepayment for the aggregated supply of 6,000 tonnes of oil on the basis that each will take 3,000 tonnes; advance payment of $US1.2m has been received by Jupiter and a further $US1.2m is due next week.

Under the sale arrangements, the cost of transportation from the field and subsequent storage at the facility is being borne by Jupiter. The sale price of ~$US58/barrel adjusted for the budgeted costs of transportation and storage at ~$US6/barrel, equates to a net price of ~$US52/barrel.

When compared on a like for like basis with oil previously sold during the 90-day production testing of the Company's wells which was collected at the well head by traders, the Company has achieved a 22% increase in revenue per barrel from $US42/barrel to $US52/barrel, with the additional benefit of 100% prepayment.

Commenting on the new sales arrangement Chairman/CEO Geoff Gander said, "We are pleased that we have been able to reach terms for the presale of oil. It provides the oil traders with security of supply and Jupiter Energy with cash to assist in the continued development of Block 31."

Enquiries:

Jupiter Energy Limited +61 89 322 8222

Geoff Gander geoff@jupiterenergy.com

finnCap Ltd +44 (0)20 7220 0500

Sarah Wharry/Christopher Raggett (Corporate Finance)

Simon Johnson (Corporate Broking)

Media Enquiries:

Allerton Communications +44 (0)20 3137 2500

Peter Curtain peter.curtain@allertoncomms.co.uk

About the Company:

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCSEIFLMFESEEL

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12-05-12	Re: Dr Oil	Dr Oil


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I wouldn't worry about your 'buy' rec, BplusA. I've been posting those on here for months and, based on the fundamentals, I think they're all perfectly justified (as seemingly do several brokers who also rate JPRL as a 'buy'). At the minute, loads of good companies' share prices are bombed out as a result of ongoing political & economic uncertainties, mainly in Europe. We have to hope it resolves itself and some sense of normality returns, but I fear it might be autumn before that happens... More View thread 6 Respond Login to Vote up
10-05-12	Re: Dr Oil	BplusA


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Someone say something I want my buy rec before the massive drop to disappear. Its embarassing .. On the plus side they are looking even cheaper now.. More View thread 6 Respond Login to Vote up
04-05-12	Buy Re: Dr Oil	BplusA


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Thanks both for responding.. Dr Oil: Thanks, my understanding is the same. Curious as to why companies use different acronyms to describe the same thing, especially when in the same country. I didnt want to be 'that guy' who bought thinking it meant millions when it actually meant 000's .. As you say JPRL doesnt have the deep prospect but with current 2P 24.2mmbls in the bag already and no debt this does look extremely cheap at £41m market cap! I just wanted to confirm I wasnt missing something stupid. I have some money to invest begining June, I just wish I had the money now!! @36p this is very tempting... Thanks again.... and good luck.. More View thread 6 Respond Login to Vote up
04-05-12	Re: Dr Oil	Dr Oil	1


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BplusA: unless I'm gravely mistaken (which I hope I'm not!), the acronyms 'mmbls' and 'mbo' both denote the same thing (ie 'million barrels' and 'million barrels oil'). I guess it's a moot point which of MXP or JPRL actually has more oil (ignoring MXP's possible deeps), though JPRL currently has more 2Ps. JPRL has a single find to date (Akkar East), but it's pretty substantial with thick layers of oil pay, and so they have had independent verification of the 2Ps (based on the first 2 successful wells) at 24.2mmbo. As you know, MXP has several smaller finds on which their current 2Ps are based. MXP also has fields such as Uytas, which have not yet been been given 2P numbers (hence the much awaited 'CPR' for this field), MXP's 2Ps will rise when the Uytas CPR comes out, but it's hard to say by quite how much. Conversely, JPRL has drilled additional successful wells since the last 2Ps were given, and have extended their field to a point where something over 30mmbo 2Ps seems realistic if there was a CPR right now (have a look at finnCap's broker notes, for example). If JPRL strikes in the B31 extension, then this will be a new find and yield additional 2Ps when JPRL's next CPR comes out in Q1 2013. JPRL presently has a lower overall valuation than MXP, so you could argue that it's a better buy, but of course JPRL doesn't have the potential to strike a massive target in the pre-salts as MXP does, so we're not really comparing like with like. As you know, I'm in both and am very happy to be so. Personally, I think JPRL is an excellent buy given what they already have and the additional potential of B31 and the extension. Of course, if MXP's NUR-1 comes in, then that has potentially explosive potential for their sp. All-in-all, I think the 2 companies appear attractive, though for somewhat different reasons. Of course, all this is IMO and comes with the usual DYOR caveats etc. The first link below gives an overview of how oil reserves are worked out etc, and the second link is for oil acronyms. http://en.wikipedia.org/wiki/Oil_reserves http://en.wikipedia.org/wiki/List_of_oil_field_acronyms More View thread 6 Respond Login to Vote up

The contents of the postings summarised here represents the opinions of the authors and not of Interactive Investor Trading Limited.
They have not been approved or issued by Interactive Investor Trading Limited.

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(JPRL) Jupiter Energy

Summary

Appendix 3Y

Change of Director's Interest Notice

Name of Director

Appendix 3Y

Change of Director's Interest Notice

Name of Director

Appendix 3Y

Change of Director's Interest Notice

Name of Director

Appendix 3Y

Change of Director's Interest Notice

Name of Director

Appendix 3B

New issue announcement,

application for quotation of additional securities

and agreement

Part 1 ‑ All issues

Part 2 ‑ Bonus issue or pro rata issue

Part 3 ‑ Quotation of securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Entities that have ticked box 34(b)

Quotation agreement

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