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Jura Energy Corporation - Kandra Exploration Well Spuds
(JEC) TSX CALGARY, Aug. 18 /CNW/ - Jura Energy Corporation ("Jura") is pleased to announce the fo...
About this update from Jura Energy Corporation
[{"type":"text","content":"\n\n\n\n(JEC) TSX\n\n\nCALGARY, Aug. 18 /CNW/ - Jura Energy Corporation ("Jura") is pleased to\nannounce the following:\n\n\nThe drilling of the Kandra 4D well commenced on August 16, 2008 at 11:30\nam local time. The target depth of the well is 2,350 meters, which will allow\nfor the evaluation of three separate geological horizons that have been\nidentified as prospective hydrocarbon bearing formations.\n\n\nThe Kandra 4D well is the first of nine committed exploration wells in\nthe joint venture's exploration program. Following the Kandra 4D well, it is\nexpected that the rig will be mobilized to the Badin IV North block for the\ndrilling of the Jamali Deep target. Multiple leads have also been identified\nin the Badin IV South, Salam, and Mirpur Mathelo Blocks, with plans to\nfinalize drilling locations and drill an additional two wells in Badin IV\nNorth, four wells in Badin IV South, one well in Salam, and one well in Mirpur\nMathelo.\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. Jura Energy Corporation conducts its business in Pakistan through\nits subsidiaries, Frontier Holdings Limited and Pyramid Energy International\nInc., as well as through its 50% interest in the Kandra Power Company (Pvt)\nLimited.\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 Private Securities Legislation Reform Act of 1...