Jupiter upbeat after new oil find

Kazakhstan-focused oil explorer Jupiter Energy said its latest exploration well struck oil, raising hopes that the company's oil field is substantial enough to enable it to soon start exporting oil from the Central Asian country. Jupiter, which is listed in both Britain and Australia, said yesterday that its fourth well near Aktau, in-land from the Caspian Sea, found a 56 metre zone of oil which could be produced. The company is aiming to export oil from Kazakhstan by the end of 2013.