Jupiter Energy Limited (ASX: JPR), an oil exploration and production company focused on developing its onshore assets in Western Kazakhstan, has released its quarterly activities report for the three-month period ending September 30, 2025. The company operates three separate oilfields on its license area, which is located in the Mangistau Oblast, close to the port city of Aktau. Key highlights include unaudited oil sales revenue of approximately $US1.65 million (~$A2.52 million), derived from the sale of around 46,000 barrels of oil.
Oil sales for the quarter were exclusively through domestic channels, supplying both a major domestic refinery and a local mini refinery. Notably, there were no export sales during this period. Production across Jupiter’s oilfields, including Akkar North (East Block), Akkar East, and West Zhetybai, remained in line with expectations, with all production wells operating under their full commercial licenses. The company is subject to a monthly domestic quota set by the Kazakh Ministry for Energy, which influences sales channels.
Progress continues on the gas pipeline integrating the West Zhetybai oilfield into neighbour MMG’s gas utilisation infrastructure, with commissioning expected in November 2025. This integration will allow Jupiter to add future wells without requiring additional onsite gas utilisation equipment. The company also released its Annual Report on September 30, 2025, and its Annual General Meeting (AGM) is scheduled for November 19, 2025.
As of September 30, 2025, Jupiter Energy’s total debt outstanding was $US14,673,261, which remains interest-free until at least December 31, 2026. Unaudited net cash reserves stood at approximately $A1.879 million. Effective November 1, 2025, the company’s registered office will change to The Block Arcade, Suite 324, Level 3, 96 Elizabeth St, Melbourne, VIC, 3000. A separate announcement will be lodged with the ASX on this matter.
