Jura Energy Corporation - Second Well Spuds at Block 22



    CALGARY, Dec. 3 /CNW/ - Jura Energy Corporation ("Jura" or the "Company")
is pleased to announce the spudding of the Khanpur 2 well on December 1st,
2007. The Khanpur 2 well is located in Block 22 in the Central Gas Basin of
Pakistan and has been designed as a development well to target the Sui Main
Limestone Reservoir at a depth of approximately 1162 meters; the well is
expected to take 30 days to drill and will be tied-in to the existing gas
processing facilities after a 4 day testing program. The rig will be moved to
the Sadiq field immediately thereafter where an additional well will be
drilled. The drilling contractor is the Sichuan Petroleum Administration
drilling company of China; Khanpur 2 and Sadiq 2 are the second and third
wells of a three well program. The first well of the program, Hasan 3, was
successfully drilled in October. Hasan 3 is scheduled to be tied-in to the
processing facilities at Block 22 during the month of December.
    Further work is also being considered in the Hamza Appraisal Area where
reservoir studies indicate that two wells currently shut-in may be
commercially viable with some remedial work.
    Jura has a 10.5% participating interest in Block 22 and a 13.3%
participating interest in the Hamza Appraisal area held through its subsidiary
Pyramid Energy International Inc.
    As previously advised, five seismic programs have now been completed in
the Pakistan Central Gas Basin; Mirpur Mathelo (254 kilometers), Salam
(88 kilometers), Kandra - upper and lower reservoirs (361 kilometers),
Block 22 (62 kilometers) and the Hamza Appraisal Area (134 kilometers). The
seismic crew has now also completed a 295 kilometer survey at the Badin IV
North block in southern Pakistan. The crew subsequently moved to the Badin IV
South block where a 300 kilometer seismic survey is underway. The Company has
a 37.5% to 50% participating interest in each of the Blocks. A separate
seismic crew has been contracted to shoot 110 kilometers of seismic in the
northern Karsal Block; the survey is expected to commence during the month of
December. Seismic processing is currently taking place at Spectrum Geopex in
Cairo and CGG in Tunisia.

    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: Please contact: 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

Organization Profile

JURA ENERGY CORPORATION

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