The latest update is out from Jupiter Energy Limited ( (AU:JPR) ).
Jupiter Energy Limited announced that its planned capital raising through a Placement Offer will not proceed as the conditions, including a minimum subscription amount of $A3 million, were not met. Despite this setback, the company is exploring other capital raising options in Australia and is considering a dual listing on Kazakhstan’s Astana International Exchange to attract Kazakh investors. The company remains committed to keeping shareholders informed of any significant developments.
More about Jupiter Energy Limited
Jupiter Energy Limited is an oil exploration and production company listed on the ASX under the ticker ‘JPR’. The company focuses on developing its onshore assets in Western Kazakhstan, particularly in the oil-rich Mangistau Basin. Jupiter has discovered three oilfields in this area, with confirmed 2P recoverable reserves of approximately 36.5 million barrels of oil. The company produces over 600 barrels of oil per day and has licenses to sell its oil in both the Kazakh domestic and international markets.
YTD Price Performance: 9.09%
Average Trading Volume: 13,158
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €22.96M
For an in-depth examination of JPR stock, go to TipRanks’ Stock Analysis page.