Another Oz Oiler
Posted: Thu Dec 06, 2012 5:19 pm
that has production and some attractions. Had a brief period but may put RRL profits, when they come, into Jupiter again. Look easy to trade too and an inspiring recovered s p graph over the yr..
"Jupiter Energy (LON:JPRL, ASX:JPR) generated revenues of US$2 mln in its latest three months as production from Block 31 in Kazakhstan’s highly prolific Mangistau Basin ramped up.
Jupiter has drilled six exploration wells so far on its licence. Quarterly oil production to end September from the J-51 and J-52 wells was 35,000 barrels of oil, with J-52 producing 25,700 barrels under its trial production licence while J-51 well produced 9,300 barrels under its second production testing phase.
Production from J-52 was constrained during the quarter with the well shut in for a period whilst modifications were carried out to the well's topside infrastructure. Following the modification work, the well has flowed at 400 bopd.
The J-50 well was also shut in for topside modifications, but is now flowing at at 250 bopd after installation of a new Electric Submersible Pump.
J-53 underwent a chemical treatment that partially reduced the water production; the well will now undergo a workover with cement squeeze to further reduce the water influx....."
Turned or turning the corner and has less dissipation in multi region as Range, but more political issues to consider than good old TT
http://www.proactiveinvestors.com/compa ... 36466.html
"Jupiter Energy (LON:JPRL, ASX:JPR) generated revenues of US$2 mln in its latest three months as production from Block 31 in Kazakhstan’s highly prolific Mangistau Basin ramped up.
Jupiter has drilled six exploration wells so far on its licence. Quarterly oil production to end September from the J-51 and J-52 wells was 35,000 barrels of oil, with J-52 producing 25,700 barrels under its trial production licence while J-51 well produced 9,300 barrels under its second production testing phase.
Production from J-52 was constrained during the quarter with the well shut in for a period whilst modifications were carried out to the well's topside infrastructure. Following the modification work, the well has flowed at 400 bopd.
The J-50 well was also shut in for topside modifications, but is now flowing at at 250 bopd after installation of a new Electric Submersible Pump.
J-53 underwent a chemical treatment that partially reduced the water production; the well will now undergo a workover with cement squeeze to further reduce the water influx....."
Turned or turning the corner and has less dissipation in multi region as Range, but more political issues to consider than good old TT
http://www.proactiveinvestors.com/compa ... 36466.html