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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 su...
About this update from Jura Energy Corporation
[{"type":"text","content":"\n\n\n\n(JEC) TSX\n\n\nCALGARY, Jan. 16 /CNW/ - Jura Energy Corporation ("Jura") is pleased to\nannounce the successful drilling of the Khanpur 2 well in the Block 22 Gas\nField which is located in the Central Gas Basin, Pakistan.\n\n\nThe well was drilled to a total depth of 1,159 meters to the Sui Main\nLimestone reservoir on time and within budget. The well was tested at rates up\nto 6.71 MMcf/d; the maximum flow rate of the well is expected to be\nconstrained by the installed 2-7/8" tubing string. The Khanpur 2 well will be\ntied-in to the Block 22 processing facilities after interconnecting pipeline\nhas been laid, which is expected to occur in approximately three weeks time.\n\n\nThe rig will be moved to the Sadiq 2 well site following completion of an\naccess road. Sadiq 2 is located approximately 12 kilometers from Khanpur 2\nwithin Block 22 and is expected to spud towards the end of February. Sadiq 2\nwill be the third well drilled within Block 22 since September of 2007, and\nfollows the successful drilling and completion of Hasan 3 in October 2007 and\nKhanpur 2 as described above. Following completion of the Sadiq 2 well, it is\nexpected that the rig will be moved to the Hamza appraisal area for further\ndrilling.\n\n\nThe Hasan 3 well, which was completed in October 2007, has been tied-in\nto the Block 22 processing facilities. The operator is currently producing the\nwell at approximately 2 MMcf/d and will increase the production rate gradually\nover the next few weeks.\n\n\nJura holds a 10.5% participating interest in Block 22.\n\n\nAbout Jura:\n\n\nJura Energy Corporation is an international energy company engaged in the\nexploration, development and production of petroleum and natural gas\nproperties with activities conducted exclusively in Pakistan. Jura is based in\nCalgary, Alberta, and listed on the Toronto Stock Exchange trading under the\nsymbol JEC.\n\n\nForward-looking statements: This document contains statements about\nexpected or anticipated future events and financial results that are\nforward-looking in nature and, as a result, are subject to certain risks and\nuncertainties, such as general economic, market and business conditions, the\nregulatory process and actions, technical issues, new legislation, competitive\nand general economic factors and conditions, the uncertainties result...