Jura announces Khanpur 2 well drilled successfully; Hasan 3 well on production



    (JEC) TSX

    CALGARY, Jan. 16 /CNW/ - Jura Energy Corporation ("Jura") is pleased to
announce the successful drilling of the Khanpur 2 well in the Block 22 Gas
Field which is located in the Central Gas Basin, Pakistan.
    The well was drilled to a total depth of 1,159 meters to the Sui Main
Limestone reservoir on time and within budget. The well was tested at rates up
to 6.71 MMcf/d; the maximum flow rate of the well is expected to be
constrained by the installed 2-7/8" tubing string. The Khanpur 2 well will be
tied-in to the Block 22 processing facilities after interconnecting pipeline
has been laid, which is expected to occur in approximately three weeks time.
    The rig will be moved to the Sadiq 2 well site following completion of an
access road. Sadiq 2 is located approximately 12 kilometers from Khanpur 2
within Block 22 and is expected to spud towards the end of February. Sadiq 2
will be the third well drilled within Block 22 since September of 2007, and
follows the successful drilling and completion of Hasan 3 in October 2007 and
Khanpur 2 as described above. Following completion of the Sadiq 2 well, it is
expected that the rig will be moved to the Hamza appraisal area for further
drilling.
    The Hasan 3 well, which was completed in October 2007, has been tied-in
to the Block 22 processing facilities. The operator is currently producing the
well at approximately 2 MMcf/d and will increase the production rate gradually
over the next few weeks.
    Jura holds a 10.5% participating interest in Block 22.

    About Jura:

    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.

    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. Nigel McCue, President & CEO, Mr. Graham
Garner, Executive Vice President, Tel: (403) 266-6364, Fax: (403) 266-6365,
Website: www.juraenergy.com, E-Mail: info@juraenergy.com

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JURA ENERGY CORPORATION

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