CALGARY, Oct. 30 /CNW/ - Jura Energy Corporation ("Jura") is pleased to
announce the successful drilling of the Hasan 3 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 1,022 meters to the Sui Main
Limestone ("SML") reservoir on time and within budget. The well was tested at
a rate of 2.7 MMscf/d pre-acidization through a 24/64" choke and constrained
by 2-7/8" tubing. Post acidization, which is a normal technical procedure for
the SML reservoir, it is expected that the well will produce at a
significantly higher rate based upon reservoir modeling and the results of
previous wells drilled in the Block. The Hasan 3 well will be acidized after
an inter-connecting pipeline has been laid and tied-in to the Block 22
processing facilities. This is expected to occur in approximately six to
The rig is currently being moved to the Khanpur 2 well site which is
located approximately 15 kilometers from Hasan 3 within Block 22. Khanpur 2
will be the second of a three well program to be drilled within the Block.
Jura holds a 10.5% participating interest in Block 22.
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
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: firstname.lastname@example.org