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Jura announces the successful drilling of the Hasan 3 well
Jura announces the successful drilling of the Hasan 3 well.
About this update from Jura Energy Corporation
[{"type":"text","content":"\n\n\n\n(JEC) TSX\n\n\nCALGARY, Oct. 30 /CNW/ - Jura Energy Corporation ("Jura") is pleased to\nannounce the successful drilling of the Hasan 3 well in the Block 22 Gas Field\nwhich is located in the Central Gas Basin, Pakistan.\n\n\nThe well was drilled to a total depth of 1,022 meters to the Sui Main\nLimestone ("SML") reservoir on time and within budget. The well was tested at\na rate of 2.7 MMscf/d pre-acidization through a 24/64" choke and constrained\nby 2-7/8" tubing. Post acidization, which is a normal technical procedure for\nthe SML reservoir, it is expected that the well will produce at a\nsignificantly higher rate based upon reservoir modeling and the results of\nprevious wells drilled in the Block. The Hasan 3 well will be acidized after\nan inter-connecting pipeline has been laid and tied-in to the Block 22\nprocessing facilities. This is expected to occur in approximately six to\neight weeks.\n\n\nThe rig is currently being moved to the Khanpur 2 well site which is\nlocated approximately 15 kilometers from Hasan 3 within Block 22. Khanpur 2\nwill be the second of a three well program to be drilled within the Block.\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 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 Priv...