JPR jupiter energy limited
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News: JPR Jupiter Energy Says Staffing Levels To Be Reduced From 37 To About 7 By April-End

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    27/03/20
    11:55
    Post #: 43730611

    March 27 (Reuters) - Jupiter Energy Ltd (JPR) :

    • STAFFING LEVELS TO BE REDUCED FROM 37 TO ABOUT 7 BY END OF APRIL 2020
    • KAZAKH OIL PRODUCTION TO BE SHUT DOWN AS AT 31 MARCH 2020
    • NO NEW OIL PREPAYMENT CONTRACT WILL BE SIGNED AT THIS TIME AND OUTSTANDING LIABILITY DUE TO LOCAL OIL TRADER AT MARCH 31 TO BE REPAID
    • CURRENTLY REVIEWING FUTURE OPERATIONS, CASHFLOW MANAGEMENT AND IN DISCUSSION WITH NOTEHOLDERS ABOUT NEXT STEPS
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