Jupiter Energy Limited provided this Operations Update to advise shareholders of the status of oil production from the Akkar East oilfield. All the necessary regulatory approvals to enable the Akkar East oilfield to transition from Trial Production (under Jupiter Energy's Exploration Licence) to Commercial Production (under Jupiter Energy's new Commercial Production Licence) have been completed. Wells J-51, J-52 and well 19 have resumed production, during what is known as the Preparatory Period under Kazakhstan's Sub Surface Code. 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% utilization of all excess gas produced during production. During the Preparatory Period, Jupiter Energy can produce from these 3 wells, without the requisite infrastructure, as long as all excess gas that is produced is utilized on the field for power, heating and the like. It is expected that the 3 wells will not be able to produce at full capacity as the gas that would be produced if the wells were operating at full capacity would be more than can be utilized on the field. Instead, the wells are expected to operate at about ~30% of capacity, but this will be monitored. The Company continues to discuss potential infrastructure sharing options in the area and, as already announced, is also undertaking a Strategic Review as to other funding opportunities available to further develop the Akkar East field, as well as the Akkar North (East Block) and West Zhetybai oilfields. It is expected that the Akkar North (East Block) oilfield will need to transition to Commercial Production during first Quarter 2021 and the West Zhetybai oilfield will need to transition in the fourth Quarter of 2021. Staffing in Aktau has been increased to allow for the Akkar East oilfield to return to production.