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Jura Announces Seismic Program
Jura Announces Seismic Program.
About this update from Jura Energy Corporation
[{"type":"text","content":"\n\n\n\n\n(JEC) TSX\n\nCALGARY, Oct. 23 /CNW/ - Jura Energy Corporation (\"Jura\" or the\n\"Company\") is pleased to announce that its Joint Venture Partner, Petroleum\nExploration (Pvt) Limited has entered into a Seismic Data Acquisition Contract\n(the \"Contract\") with the Oil and Gas Engineering Company of Sichuan Petroleum\nAdministration (\"SPA\").\nThe Contract provides for the shooting of approximately 600 kilometres of\n2D seismic over five exploration licences, Mirpur Mathelo, Kandra (Lower\nGoru), Salam, Badin IV North and Badin IV South, and one Development Lease,\nKandra (SML); all Blocks being located in Pakistan in the Middle and Lower\nIndus Gas Basins. Jura holds between a 37.5% and 50% participating interest in\neach Block.\nSPA will mobilise its crew from China to Pakistan within the next sixty\ndays and all seismic surveys have been estimated to be completed within eight\nto twelve months from the Contract award.\nNigel McCue, the President and CEO of Jura commented \"We are extremely\npleased to have secured the services of SPA who have an excellent reputation\nand who are using the very latest generation of seismic equipment. The\ncommencement of the seismic programmes now means that we shall be able to plan\nfor the contracting of one or more rigs to fulfil our twenty-four well\ndrilling programme.\"\n\nAbout Jura:\nJura is based in Calgary, Alberta, and listed on the Toronto Stock\nExchange trading under the symbol JEC.\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 resulting from\npotential delays or changes in plans, the occurrence of unexpected events, and\nthe Corporation's capability to execute and implement its future plans. Actual\nresults may differ materially from those projected by management. For such\nstatements, we claim the safe harbour for forward-looking statements within\nthe meaning of the Private Securities Legislation Reform Act of 1995.\n\n>\n\n\n","length":2460,"tagName":"div"}]