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Jura provides an update on drilling schedules, seismic programs, and power project in respect of its projects in Pakistan
Jura provides an update on drilling schedules, seismic programs, and power project in respect of its projects in Pakistan.
About this update from Jura Energy Corporation
[{"type":"text","content":"\n\n\n\nCALGARY, June 11 /CNW/ -\n\n\nDrilling Schedule\n\n\n-----------------\n\n\nJura Energy Corporation ("Jura") is pleased to advise that the Operator\nof its licence interests in Pakistan has entered into a contract with the Oil\n& Gas Engineering Company of Sichuan Petroleum Administration ("SPA") to drill\nthree wells back-to-back commencing in September 2007. Negotiations are also\ncurrently taking place with another rig owner to contract a second rig for a\none to two well program commencing in August 2007. These rigs will be assigned\nto Block 22 and the Kandra field development project to drill targets of up to\n1500m.\n\n\nJura's management together with the Operator is also actively pursuing a\ntwo well contract on a third rig to drill targets of up to 3500m. This rig\nwould be assigned to drill two of the Company's exploration targets early this\nfall.\n\n\nAdditional details on specific wells and drilling dates will be issued as\nthey become available.\n\n\nStatus of Seismic Acquisition\n\n\n-----------------------------\n\n\nEarlier this year, a seismic crew was contracted from SPA. The crew\ncommenced seismic acquisition in the Mirpur Mathelo block on February 8, 2007.\nA total of 253.7 surface km of 2D seismic data was acquired over a period of\n44 days, representing an acquisition rate of 5.76 km/day. Brute stack\nprocessing carried out in the field indicates that the quality of the seismic\ndata at both the Sui Main Limestone ("SML") and Lower Goru Basal Sand ("LG")\ntargets is very good.\n\n\nSeismic acquisition continued in the Salam block on March 12, 2007 where\na total of 88.425 surface km of 2D seismic data was acquired over a period of\n26 days, representing an acquisition rate of 3.4 km/day. Data quality in\nSalam, as indicated by brute stack processing, is also very good.\n\n\nThe seismic crew subsequently moved south and commenced seismic\nacquisition in the Kandra field on May 20, 2007. 85.5 km of the 300+ km\nprogram of full-fold 2D surface seismic data has been acquired to date. This\nrepresents an acquisition rate of 5.7 surface km/day. Data quality acquired so\nfar is very good.\n\n\nThe field seismic data for both the Mirpur Mathelo and Salam blocks has\nnow been shipped to the seismic processing contractor, Spectrum-Geoplex, in\nCairo for full proc...