CALGARY, Jan. 2 /CNW/ - Jura Energy Corporation ("Jura") announced today
that drilling has commenced at the Jamali Deep 1 well located in the Badin IV
North Block. The projected depth of the well is 3,870 meters, which will
target the Basal Sands of the Lower Goru formation.
Jamali Deep 1 is the second of nine committed exploration wells in the
joint venture's exploration program.
Jura Energy Corporation is an international energy company engaged in the
exploration, development and production of petroleum and natural gas
properties with activities conducted exclusively in Pakistan. Jura is based in
Calgary, Alberta, and listed on the Toronto Stock Exchange trading under the
symbol JEC. Jura Energy Corporation conducts its business in Pakistan through
its subsidiaries, Frontier Holdings Limited and Pyramid Energy International
Inc., as well as through its 50% interest in the Kandra Power Company (Pvt)
Forward-looking statements: This document contains statements about
expected or anticipated future events and financial results that are
forward-looking in nature and, as a result, are subject to certain risks and
uncertainties, such as general economic, market and business conditions, the
regulatory process and actions, technical issues, new legislation, competitive
and general economic factors and conditions, the uncertainties resulting from
potential delays or changes in plans, the occurrence of unexpected events, and
the Corporation's capability to execute and implement its future plans. Actual
results may differ materially from those projected by management. For such
statements, we claim the safe harbour for forward-looking statements within
the meaning of the Private Securities Legislation Reform Act of 1995.
The Toronto Stock Exchange has neither approved nor disapproved the
information contained herein.
For further information:
For further information: Mr. Graham Garner, Acting President & CEO, Tel:
(403) 266-6364, Fax: (403) 266-6365, Website: www.juraenergy.com, E-Mail: