Jupiter Energy's J-58 well finds oil

Jupiter Energy, a Kazakhstan-focused oil exploration and production company, rose on Tuesday following news that its J-58 well has been completed ahead of schedule and has found oil.

Jupiter Energy, a Kazakhstan-focused oil exploration and production company, rose on Tuesday following news that its J-58 well has been completed ahead of schedule and has found oil.

Analysis by independent consulting firm Reservoir Evaluation Services (RES) confirmed some 152.8m of gross reservoir and approximately 75.6m of net pay at the Middle Triassic T2B carbonate reservoir unit, the primary reservoir objective in the well.

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