/KASE, February 20, 15/ – JUPITER ENERGY LIMITED (West Perth), whose shares are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following information statement:
quote
Operations update
KEY POINTS:
- Low domestic oil prices as well as low demand for feedstock by the Kazakh
refineries has resulted in the decision that Jupiter will be shutting-in all
oil production from March 1 2015
- Following the cessation of production the organisation will be restructured
and certain oilfield related services will be reduced or terminated; these
changes will lead to a ~40 % reduction in running costs.
unquote
The full version of the statement is available on KASE website at
http://www.kase.kz/files/emitters/AU_JPRL/au_jprl_reliz_190215_.pdf
[2015-02-20]