Jupiter Energy - East Akkar field

Jupiter Energy Limited provide the following drilling update on well 19.

Well 19 will be drilled on the East Akkar field between the J-51 and J-52 wells, both of which have been producing oil under trial production licenses. Well 19 will target the mid-Triassic level in an area of existing C1 reserves. If successful, the well will be placed onto Trial Production immediately after completion.

The drilling contractor has begun mobilization and site works are underway.

The well is expected to spud in mid December and it is anticipated that the well will take 60 days to reach target vertical depth.

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