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Jura Energy Corporation - Operations Update
(JEC) TSX CALGARY, Feb. 11 /CNW/ - Jura Energy Corporation ("Jura") is pleased to provide the fol...
About this update from Jura Energy Corporation
[{"type":"text","content":"\n\n\n\n(JEC) TSX\n\n\nCALGARY, Feb. 11 /CNW/ - Jura Energy Corporation ("Jura") is pleased to\nprovide the following update on operations.\n\n\nBLOCK 22\n\n\nThe Khanpur 2 well that was completed in January has been tied-in to the\nBlock 22 processing facilities. The Operator, Petroleum Exploration (Pvt.)\nLimited ("PEL"), is currently producing the well at approximately 3 MMcf/d and\nwill increase the production gradually over the next few weeks.\n\n\nThe Hasan 3 well, which was completed in October 2007 and tied-in in\nJanuary 2008, is now producing at 2.45 MMcf/d, up from 2 MMcf/d in January,\nand will be further increased over the coming weeks.\n\n\nDrilling is expected to commence at the Sadiq 2 site in mid-March 2008,\nfollowing construction of an access road which is underway.\n\n\nSadiq 2 will be the third well drilled within Block 22 since September of\n2007, and follows the successful drilling and completion of Hasan 3 in October\n2007 and Khanpur 2 in January 2008 as described above. Following completion of\nthe Sadiq 2 well, it is expected that the rig will be moved to the Hamza\nappraisal area for further drilling.\n\n\nJura holds a 10.5% participating interest in Block 22 through its\nsubsidiary, Pyramid Energy International Inc.\n\n\nSEISMIC PROGRAM\n\n\nTo date, 1373 km of 2D seismic has been acquired over Jura's blocks\nincluding Salam (88 km), Mirpur Mathelo (254 km), Kandra (361 km), Badin IV\nNorth (301 km), Block 22 (62 km) and the Hamza appraisal area (134 km). The\nseismic crew under contract has completed 173 km of a 394 km 2D seismic\nprogram over the Badin IV South Block. In addition, Jura and PEL will have\naccess to 980 km2 and 626 km2 of 3D seismic data previously shot over the\nBadin IV North and Badin IV South Blocks respectively. Seismic processing is\ncurrently taking place at CGG in Tunisia. The processed results of surveys are\nbeing interpreted at the Company's technical office in Islamabad. The seismic\nresults are encouraging; Jura and PEL are taking steps to secure a 2000 hp\ndrilling rig with a view to commencing the exploratory drilling program by\nmid-year.\n\n\nSUKKUR POWER STATION\n\n\nThe Kandra Power Company (Pvt.) Ltd. ("KPC") has engaged an international\nengineering firm to complete a detailed engineering study for the\nrefurbishment of the Sukkur Po...