Update on the drilling of the J-50 Well
The Board of Jupiter Energy Limited (ASX: JPR) wishes to advise shareholders that the J-50
drill bit is currently being changed and that drilling is expected to recommence around 12
noon Aktau time today (3pm Western Australian time). The J-50 exploration well had
reached a depth of 2872m before tripping out.
Going forward it is expected that there will be 40 - 50m of interbedded carbonates and thin
sands and there should continue to be some oil shows through this zone (Triassic A-). There
is then expected to be 5 - 10m of claystone before entering the Mid Triassic (the primary
target).
The continued expectation is that the primary objective will be reached this week
whereupon the planned program is to drill 5m, confirm the zone and then core the reservoir.
Any questions on this update can be directed to the Company on (08) 9322 8222.
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