EXPLORATION

Jupiter cashed up for Kazak oil project

JUPITER Energy has raised $2.25 million from a placement to mostly United Kingdom-based institutions and is looking forward to further investment as it starts producing oil from Kazakhstan.

Marija Stojkovic

The company raised the funds through a placement of 50 million shares at 4.5c per share to UK fund managers. Of the total placement, Jupiter's directors have agreed to subscribe for up to 3 million shares....

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