Jupiter Energy Limited provided this Operations Update to advise shareholders of the status of oil production from the Akkar North (East Block), Akkar East and West Zhetybai oilfields. The Company has now received signed Addendums from the Kazakh Ministry of Energy that approve applications to have the Trial Production period for the Akkar North (East Block) and West Zhetybai oilfields extended. The Akkar North (East Block) oilfield (J-50 well) will be able to produce under Trial Production until the end of December 2020. The West Zhetybai oilfield (J-58 well) will be able to produce under Trial Production until the beginning of September 2021. During these respective periods, the Company must prepare both oilfields so that their Final Reserve Reports can be completed, which is a critical step for both the oilfields to make the transition from the Exploration phase to Commercial Production With regards the Akkar East oilfield, this oilfield is currently moving from the Trial Production phase to Commercial Production. This reflects the fact that five new wells have already been drilled on this field (J-51, J-52, J-53, J-57 and Well 19) and the area has had its Final Reserves Report approved, confirming C1 classified reserves now account for ~60% of the approved reserves on this oilfield. Under the new Sub Surface Code, there is a provision for a field to transition from the Exploration phase to Commercial Production under the so called "Preparatory Period", during which time the operator may produce whilst not having the requisite infrastructure in place to achieve 100% gas utilisation. The Company does not currently have such infrastructure in place and therefore has applied to produce under this transition period. Discussions with the Kazakh Ministry of Energy have indicated that the level of gas emissions that may be approved for the Akkar East field could mean that production is constrained. The Company will keep shareholders updated on this issue and until this matter is finalised, the producing wells on the Akkar East oilfield (currently J-51, J-52 and well 19) remain shut in. Until this matter is finalised, the producing wells on the Akkar East oilfield (currently J-51, J-52 and well 19) remain shut in. Staffing in Aktau has been reduced to reflect the delays in returning to production as well as the ongoing production profile, with production forecasts taking into account the expected constrained production from the Akkar East oilfield. In relation to oil sales, the Company is finalising a new contract for the sale of oil with a local trader. Details of the transaction will be announced once the contract has been finalised but it is expected to be on the same terms as previous contracts, namely that the trader will make monthly prepayments to the Company, based on an agreed oil production profile.