Jupiter Energy Limited (AU:JPR) has released an update.
Jupiter Energy Limited reports a strong quarter with unaudited oil sales revenue of approximately $2.3 million from the sale of around 56,000 barrels, despite all sales being confined to domestic channels due to poor export margins. The company is advancing its Stage 2 gas utilisation project, with completion expected by late September 2024, and is awaiting a decision on the transition of the West Zhetybai oilfield to a Full Commercial Production licence. Domestic oil sales were supported by the steady operation of production wells, with plans to enhance the J-51 well’s output when funding permits.
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