JURA ANNOUNCES GAS DISCOVERY IN GUDDU BLOCK
Calgary, Alberta: Jura Energy Corporation (“Jura”) today announced a commercial
gas discovery at the Maru East-1 exploration well in the Guddu block.
The Maru East-1 well was completed in the Pirkoh Limestone Formation of Eocene
age. During short duration post-stimulation test on 32/64 inch choke size, the well
flowed gas at a rate of 3 MMcf/d with wellhead flowing pressure of 450 psi and a
heating value of approximately 700 Btu/Scf.
The Maru East-1 well is located approximately 1.5 Km from existing Guddu pipeline
infrastructure. Anticipated future production from the Maru East-1 discovery is
expected to be entitled to a gas price of US$6 per MMBtu under Pakistan’s Petroleum
(Exploration & Production) Policy, 2012.
Jura holds a 10.66% working interest in the Guddu block, which is operated by Oil and
Gas Development Company Limited.
About Jura Energy Corporation
Jura is an international energy company engaged in the exploration, development and
production of petroleum and natural gas properties in Pakistan. Jura is based in Calgary,
Alberta, and listed on the TSX trading under the symbol JEC. Jura conducts its
business in Pakistan through its subsidiaries, Frontier Holdings Limited and Spud
Energy Pty Limited.