Jupiter Energy Limited · ASX:JPR

Jupiter Energy — Investor Presentation (March 2010)

22 slides from Jupiter Energy's investor presentation, Mar 29, 2010

1. Slide 1: JPR Corporate Presentation: 29 – 31 March 2010

   For personal use only JPR Corporate Presentation: 29 – 31 March 2010 www.jupiterenergy.com.au

2. Slide 2: Disclaimer

   Di l i Disclaimer For personal use only This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. industry It is believed that the exceptions reflected in these statements are reasonable reasonable, but they may be effected by a

3. Slide 3: Experts Statement – Triassic Structure

   For personal use only E Experts t Statement St t t – Triassic Ti i St Structure t The information in this document which relates to Triassic oil reserves (2P) and prospective resource (P50) is based on information compiled by Senergy Limited, an international oil & gas consulting company that specia

4. Slide 4: Internal Experts Statement – Jurassic Structure

   For personal use only I t Internal l Experts E t Statement St t t – Jurassic J i St Structure t The information in this document which relates to Jurassic prospective resources (P50) is based on information compiled by Mr. Keith Martens who is a Director of Martens Petroleum Consulting Pty Ltd Ltd.

5. Slide 5: Investment Highlights

   Investment Highlights  Reserves For personal use only  100% owned permit with 8.6 8 6 mmbbls proved reserves (2P) and 12.2 12 2 mmbbls prospective resource (P50) in Triassic structures (independent review by Senergy)  Directors believe the Jurassic contains a 22.2 mmbbls prospective resource (P50

6. Slide 6: Kazakhstan

   Kazakhstan For personal use only Operations Head Office  World’s 11th largest oil reserves with most of the international majors already in country.  Fiscal regime g is reasonable byy world standards.  Simple profit per bbl calculation equates to $US price of oil minus $US10 divide by 2.  Tax le

7. Slide 7: Executive Team

   Executive Team  Key players based in Kazakhstan or spend much of their time there For personal use only  Geoff Gander (Executive Chairman)  Focused on business development and funding.  Time divided between Australia and Kazakhstan. Kazakhstan  David Thorpe (Managing Director)  Strong internat

8. Slide 8: Jupiter in Kazakhstan

   Jupiter in Kazakhstan  Regional For personal use only  Mangistau region has a long history of oil production.  Government records indicate total production from the area is more than 6 billion barrels of oil  Block 31 is adjacent to 2 producing oilfields that have 23 mmbbls reserves (1P) and 33

9. Slide 9: Block 31 map

   I SX Ses ad NN eh Fade NS Ns eh ai bo he Ns Fe) aan om GEE, baa ea eceornger s JUP TER ENEnG® LIMITED Block 31 ~-<Wes\ - --- - - -- - Qt eee nn eee ee ene tena sen eee eee nena dane nen--fe---=5 C?) Main oil fields —— Oil Pipelines —— _ Gas Pipelines — _ Railroad 0 i | 4km

10. Slide 10: Triassic Age (Primary Target) Reserves and Prospective Resources

    Triassic Age (Primary Target) Reserves and Prospective Resources Independent Resource Assessment by Senergy For personal use only Reserves STOIIP Reserve (MMstb) (MMstb) P90 / 1P 21.4 5.5 P50 / 2P 31.0 8.6 P10 / 3P 43.0 13.4 Prospective Resource STOIIP Prospective Resource (MMstb) (MMstb) P90 24.6 4

11. Slide 11: Jurassic Age (Secondary Target) Prospective Resource

    Jurassic Age (Secondary Target) Prospective Resource For personal use only (JPR Internal Estimate) mmbls mmbls mmbls

12. Slide 12: Block Overview

    Block 31 Overview  Acquired: June 2008 For personal use only  Ownership: 100% JPR  Permit Details: – 10 year exploration licence (6 years from 2007 with 2 x 2-year 2 year extensions) – 25-year Production Licence  3D seismic acquired over the permit and a number of Triassic and Jurassic prospects

13. Slide 13: Operations Summary Nov 2009 – March 2010

    Operations Summary Nov 2009 – March 2010 For personal use only J-50 well - in progress (plan testing mid April 2010) NWZ 2 well re-entry Nov 2009 12

14. Slide 14: Re-entry of NWZ well in Block

    Re-entry of NWZ 2 well in Block 31 For personal use only  Data from NWZ 2 (an abandoned 1969 well) showed that the well had indications of an oil discovery with shows throughout and it flowed oil from a 30m sand around the Jurassic XIII level.  NWZ 2 was re-entered and re-perforated over the inter

15. Slide 15: Drilling rig on location of J-50 well, Block

    Drilling rig on location of J-50 well, Block 31 For personal use only 14

16. Slide 16: Current drilling program – J-50 well

    Current drilling gpprogram g – J-50 well  Well Summary For personal use only  Exploration/appraisal well on a clearly defined structure with 8.6 8 6 mmbbls (2P) of recoverable oil (source: Senergy)  Primaryy reservoir is Middle Triassic age g (p (primary ypproducing g reservoir in adjacent j Nort

17. Slide 17: Proposed Drilling Campaign Block Q2 2010 to Q1 2011

    Proposed Drilling Campaign Block 31 Q2 2010 to Q1 2011 For personal use only J-50 Stepwell out well - drilling to commence Q3 2010 J-51 well – J-50 step out proposed Q3 2010 J-52 well – Proposed Q4 2010 or Q1 2011 16

18. Slide 18: Production Outlook – wells over months

    Production Outlook – 3 wells over 18 months (100% Jupiter) For personal use only Projected production prod ction of oil per month (over (o er 18 months) 50,000 + 20% J-51 well oil per month h NWZ 2 well - 20% 25 000 25,000 Barrels of o Note: J-52 well on production Q2 2011 J-50 well - Jan-10 Jul-10

19. Slide 19: What is planned for 2010?

    Wh t iis planned What l d ffor 2010? For personal use only  Drilling  Approved 2010 working commitment of $US5.7m (i.e. 1 well).  Well to be drilled Q3 2010  Funding  Possible additional $A24m from the exercise of 300m options at $A0 $A0.08 08 expiring 30 June 2010  Additional funding would ac

20. Slide 20: Corporate Overview

    Corporate Overview For personal use only  Listed company trading on Australian Stock Exchange (ASX) under ticker “JPR”  Shares  786m shares on issue (JPR)  JPR currently trading at ~ $A0.07 (market cap: c. $A55m)  Options O ti  300m listed options (JPROA)  JPROA trading at ~ $A0.012 $A0 012 

21. Slide 21: Conclusion

    Conclusion  Reserves / Resources  Triassic – more than 8.6 mmbbls reserves (2P) and 12.2 mmbbls prospective For personal use only resource (P50) as per independent review by Senergy (20.8 mmbbls total)  Jurassic - Directors believe the Jurassic contains a 22.2 mmbbls prospective resource (P50). 

22. Slide 22: Further Questions?

    For personal use only F rther Questions? Further Q estions? Geoff Gander Executive Chairman p Jupiter Energy gy Limited M: +61 417 914 137 (A) E: geoff@jupiterenergy.com.au David Thorpe Managing Director Jupiter Energy Limited M +61 417 984 023 (A) M: E: david@jupiterenergy.com.au 21

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