Jupiter Energy Ltd Key Appointment to Local Kazakh Operations (4558Q)
01 December 2016 - 6:00PM
UK Regulatory
TIDMJPRL
RNS Number : 4558Q
Jupiter Energy Ltd
01 December 2016
01 December 2016
Jupiter Energy Limited ("Jupiter" or the "Company")
KEY APPOINTMENT TO LOCAL KAZAKH OPERATIONS
Jupiter Energy Limited (ASX: "JPR", AIM: "JPRL" and KASE:
"AU_JPRL") announces the appointment of Sergey Kostin as the new
Head of Operations in Kazakhstan.
Sergey will be based in Aktau and will be responsible for
leading the operations team based both in the Aktau office and in
the field as the Company looks to prepare to recommence production
during the 1H 2017. His direct reports will include all operations,
marketing, geology and geophysics personnel and he will work
closely with the heads of Finance & Administration and
Legal.
Sergey will report to Jupiter Energy CEO Geoff Gander and will
also liaise as required with Jupiter's in country partners and all
the relevant Kazakh Oil & Gas authorities.
Sergey (52) has 30 years experience in the oil sector with over
14 years spent in a variety of operational roles with the
international oil services organisation Schlumberger. He has also
worked with a number of Russian oil companies, most recently with
SGC Drilling as their Director of Drilling.
He has vast experience in the drilling of wells and the Company
believes that he will bring Jupiter Energy an important combination
of international drilling expertise and cultural awareness at what
will be a critical period in the development of Block 31.
Jupiter Energy CEO Geoff Gander said, "I am delighted to welcome
Sergey to the organisation and look forward to working with him
over the coming months as we ready ourselves for an expected return
to oil production during 2017."
ENDS
Enquiries:
Jupiter Energy (+61 89 322 8222)
Geoff Gander (geoff@jupiterenergy.com)
finnCap Ltd (+44 (0)20 7220 0500)
Matt Goode/Emily Watts/Christopher Raggett (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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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