/KASE, October 27, 2016/ – JUPITER ENERGY LIMITED (West Perth), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following statement:

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HIGHLIGHTS:

• The block 31 exploration authorization was extended until December 29, 2019.
• The negotiations with all relevant Kazakhstan regulatory authorities to register the three-year Work Program (2017-2019) near a final agreement.
• The Company cooperates with various oil marketing groups to prepare for the resumption of oil production to occur as soon as all of the appropriate permissions for the 2017-2019 trial operation are obtained.
• The Company continues to work on the various options to ensure the long- term financing for the continuous development of block 31.
• Baltabek Kuandykov was appointed as Jupiter CEO (Kazakhstan).
• Annual 2015-2016 fiscal year statements were submitted.
• Annual General Meeting of Shareholders will be held on November 4, 2016 in Perth (Western Australia).

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Full version of the statement is available on the KASE website see more

[2016-10-27]