Jupiter Energy Limited advised that the Akkar North (East Block) field has had its Final Reserves Report approved by the Kazakh Committee of Geology. The approval of the Final Reserves Report is a key step in transitioning the Akkar North (East Block) field to Commercial Production. The next step in this process will be to obtain the other necessary approvals to produce oil from the field during the "Preparatory Period". As covered in earlier announcements, the "Preparatory Period" allows an operator to transition between Trial Production (during which time excess gas from production can be flared) to Commercial Production, when an operator must have access to the requisite infrastructure to provide for 100% utilisation of all excess gas produced whilst wells are in production. During the "Preparatory Period", the Company can produce from wells located on the Akkar North (East Block) field without having the requisite gas utilisation infrastructure in place, as long as all excess gas that is produced during production is used on the field for power, heating and the like. Currently there is one well located on the Akkar North (East Block) field: J-50. The requirement to be able to utilise all the excess gas from production means that it is expected that the J-50 well will not be able to produce at full capacity as the gas that would be produced if the well was operating at full capacity would be more than can be utilised on the field. Instead, the J-50 well is expected to operate at about 30% of capacity (meaning that it will produce at 50 barrels per day). Infrastructure requirements for operating under full Commercial Production at the Company's oilfield would include either access to a Central Processing Facility and a Gas Separation Plant situated at a neighbouring producer or building this equipment on site. The Company does not currently have this infrastructure in place and continues to discuss potential infrastructure sharing options with other operators in the area. The main advantage of being able to operate under a Commercial Licence is that oil produced can be sold into the global export market, whilst oil produced under an Exploration Licence can only be sold domestically. The price differential between global oil prices and the Kazakh domestic oil price can vary, but generally the Kazakh domestic oil price is between one third and one half of the global oil price.