Holding(s) in Company

18 August 2016

Jupiter Energy Limited ("Jupiter" or the "Company")

Notification of major interest in shares

The Board of Jupiter Energy Limited, the Kazakhstan-focused oil exploration and production company, trading on AIM ("JPRL"), ASX ("JPR") and KASE ("AU_JPRL") has been notified of the following changes of interest in shareholdings in the Company.

Section 611 (Item 9) of the Australian Corporations Act allows a person to increase their voting power above 20% where they have had voting power of at least 19% for 6 months prior to the increase and the increase in voting power is not more than 3 percentage points higher than the voting power that person had 6 months before the increase, without contravening the prohibition in Chapter 6 of the Corporations Act relating to takeovers.

ENDS

Enquiries:

Jupiter Energy (+61 89 322 8222)

Geoff Gander (geoff@jupiterenergy.com)

finnCap Ltd +44 (0)20 7220 0500

Matt Goode/Emily Watts (Corporate Finance)

Simon Johnson (Corporate Broking)

About the Company:

Jupiter Energy Limited is an oil exploration and production company, quoted on the AIM, ASX and KASE markets. The Company is focused on developing its onshore assets in western Kazakhstan. In 2008 the Company acquired 100 per cent of the Block 31 permit, located in the oil-rich Mangistau Basin, close to the port city of Aktau. 

Jupiter has a proven in-country management team, led by an experienced, international Board, together possessing the skills, knowledge, network and attention to detail needed to operate successfully in Kazakhstan. The forward plan will see Jupiter develop a group production facility on Block 31 to process, store and export oil. This topside infrastructure is a key element in moving to long-term production and the achievement of self-funding for further development of Block 31.