/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:

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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 see more

[2015-02-20]