CALGARY, Feb. 24 /CNW/ - Jura Energy Corporation ("Jura") announced today
that drilling has commenced at the Rafay 1 well located in the Mirpur Mathelo
Block. The projected depth of the well is 3,550 meters, which will target the
Basal Sands of the Lower Goru formation.
The Mirpur Mathelo Block covers 254,577 acres and is located adjacent to
several producing gas fields in the Central Gas Basin including the multi-tcf
Mari, Qadipur and Kandhkot gas fields. Rafay 1 is the third of nine committed
exploration wells in the joint venture's exploration program.
Drilling is also progressing at the Jamali Deep 1 well, which spud on
December 31, 2008. As of February 23, 2009, the well has been drilled to a
depth of 2,311 meters, against the planned total depth of 3,870 meters.
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: