j-52 well spuds in block 31.

 J-52 well spuds in Block 31.

 J-52 prognosed to intersect secondary Jurassic reservoirs and
primary middle Triassic reservoirs.

The Board of Jupiter Energy Limited (ASX:JPR) is pleased to announce that the Company
has spudded the J-52 well in Block 31, Mangistau region, Kazakhstan.
The J-52 well is the Company?s 2010 exploration commitment well and is located to the
south east of the successful J-50 East Akkar discovery. The well is vertical and prognosed to
intersect a secondary Jurassic clastic reservoir target and a primary Middle Triassic
carbonate reservoir target before drilling to a planned total depth of approximately
3200mTVD (true vertical depth). The Company expects to acquire core samples in the
primary and secondary reservoir targets while drilling the well.
The J-52 well will be drilled by local Kazakh drilling contractor FracJet who will use a ZJ-40
rig. The well is anticipated to take approximately 70 days from spud through to running
production casing and temporarily suspending the well. The Company will then demobilise
the drilling rig and, on a success case basis, mobilise a smaller and more cost-effective
workover rig to flow test the well. The planning and mobilisation of the workover rig and
testing equipment may take two to three weeks before commencing the initial testing
programme. The Company may also stimulate the well during the 90 day production test to
improve its production performance.
The Company proposes to release information only of material interest during the drilling
and testing of the J-52 well.
If shareholders have any questions on this announcement, they should direct them to the
Company on (08) 9322 8222.
ENDS