11 October 2011 QUARTERLY UPDATE ON ACTIVITIES FOR THE PERIOD TO 30 SEPTEMBER 2011 KEY POINTS: ? Oil production expected before the end of the year following approval of J-50 and J-52 Trial Production Licence applications ? Drilling of J-51 well completed. Independent analysis of open hole logging confirms 161m of gross pay with 83m of net pay; similar thickness as seen in the J-50 and J-52 wells ? Drilling rig preparing to move to location for J-53 exploration well; expected spud in 4Q 2011 ? 3D seismic acquisition over new extension area of Block 31 completed. Processing and interpretation to be progressed during fourth quarter of 2011 ? Appointment of in-country manager ? Convertible Note with SNG Capital raises US$3.45m (before costs) ? Company on track to dual list JPR shares on AIM during fourth quarter of 2011 Jupiter Energy Limited (ASX: JPR) presents the following update on activities for the 3 month period ending 30 September 2011. Also included in this report are details of any subsequent events that have occurred up to the date of this release.
JPR Price at posting:
59.2¢ Sentiment: ST Buy Disclosure: Held
