Jupiter Energy posts encouraging results from J-58 well

Oil and gas explorer Jupiter Energy on Tuesday reported encouraging results from early testing at is J-58 well in Kazakhstan.

Oil and gas explorer Jupiter Energy on Tuesday reported encouraging results from early testing at is J-58 well in Kazakhstan.

The company expects stabilised flow rates will be available next month.

The J-59 well reached its target depth of 3,191 metres and results of wireline logs will be announced once independent analysis is completed within the next week.

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Workover and completion work on both wells is continuing and it is expected that stabilised flow rates will be established during March.

Shares fell 4.76% to 40.00p at 09:34 Tuesday.




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