Jupiter Energy (ASX:JPR, LON:JPRL) is drilling Well 19 that targets oil in the East Akkar field in Kazakhstan.
It is located between the J-51 and J-52 wells that had produced oil under trial production licenses and will target the mid-Triassic level in an area of existing C1 reserves.
If successful, Well 19 will be placed into Trial Production immediately after completion.
The well is expected to take about 60 days to reach target vertical depth. It also fulfils the company’s 2014 work commitments.
Jupiter produced 54,792 barrels of oil during the September quarter, generating revenue of US$1.9 million.
It also extended the Block 31 Exploration Licence to December 2016.
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Jupiter Energy (ASX:JPR, LON:JPRL) is drilling Well 19 that...
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