OREANDA-NEWS. JUPITER ENERGY LIMITED (West Perth), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following information statement:

Operations update

KEY POINTS:

- Low domestic oil prices as well as low demand for feedstock by the Kazakh refineries has resulted in the decision that Jupiter will be shutting-in all oil production from March 1 2015

- Following the cessation of production the organisation will be restructured and certain oilfield related services will be reduced or terminated; these changes will lead to a ~40 % reduction in running costs.

The full version of the statement is available on KASE website at http://www.kase.kz/files/emitters/AU_JPRL/au_jprl_reliz_190215_.pdf