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.
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