Kazakhstan news for August 20, 2010

In this issue:

2 Corporate news
2 Sunkar first-half loss narrows 24%
2 Alhambra Begins Drilling at Kerbay
2 TCO to transport through CPC 1.4 million barrels of oil a day
2 Upcoming events
3 Industry news
3 Jupiter Energy underpins future growth with strategic investor
4 Politics and Economics
4 Kazakhstan recovering from economic crisis, still banking system weak
4 Foreign trade turnover of Russia with Kazakhstan in I half-year increased
4 Mortgage organizations of Kazakhstan increased volume of cumulative assets
5 KASE & Market wrap
6 AFS-Research productline
7 AFS Research services

Jupiter Energy underpins future growth with strategic investor

Jupiter Energy has received a significant boost to its development plans for its Block 31 Triassic reservoirs in Kazakhstan with the announcement that the Waterford Group, a private holding company, has taken a 13% stake in Jupiter via placement of 132.9m shares @ 2.70 cents per share, raising $3.59 million.
Additional financing initiatives announced could raise a total of $16.7 million. Here's how.
Jupiter will enter into two Converting Loan Agreements to raise a further $3.91 million, convertible into 144.8m Jupiter shares at 2.70 cents and a 1 for 3 non renounceable Rights Issue priced at 2.70 cents to raise $9.17 million.
 

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