Jupiter Energy Achieves Major Licensing Milestone

Jupiter Energy Limited (AU:JPR) has released an update.

Jupiter Energy Limited announces the upgrade of the West Zhetybai oilfield to a 25-year Full Commercial Licence, marking a key milestone in its Kazakhstan operations. The company also reports on-track progress on its infrastructure project, which is set to integrate two other oilfields into a gas utilisation system, potentially boosting production to over 1000 barrels per day by the fourth quarter of 2024. This development supports not only increased production but also the country’s carbon-free goals through improved gas utilisation.

For further insights into AU:JPR stock, check out TipRanks’ Stock Analysis page.