Director's Dealing

12 May 2016

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

Director's Dealing

Jupiter Energy Limited (ASX: "JPR", AIM: "JPRL" and KASE: "AU_JPRL") lodges the following Appendix 3Y.

The Company was notified on 12 May 2016 that on 9 and 12 May 2016, Director Geoffrey Gander sold, through Vitoria Pty Ltd, a total of 1,152,000 ordinary shares in the Company ("Ordinary Shares") at a price of $AUS0.25 per Ordinary Share, for the purposes of general financial management.

Mr Gander has a resultant indirect beneficial holding of 1,995,224 Ordinary Shares in the Company, by virtue of Mr Gander being the sole beneficiary of both Vitoria Pty Ltd and Gander Super Fund.

Scott Mison

Director/Company Secretary

ENDS

Enquiries:

Jupiter Energy (+61 89 322 8222)

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.