LONDON (Alliance News) - Jupiter Energy Ltd on Tuesday said all its oil producing wells remained shut-in during the first quarter.
Jupiter said all its producing wells have been shut-in since February 2015 and will remain closed until domestic oil pricing in Kazakhstan, where the group operates, reaches a level where it can be cashflow positive.
Talks continue on its Akkar North division of reserves, Jupiter said, and the application for the extension of its exploration licence has been submitted to local authorities.
Jupiter Energy shares were untraded on Tuesday, having last traded at 10.00 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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