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Jura Releases Second Quarter Results
Jura Releases Second Quarter Results.
About this update from Jura Energy Corporation
[{"type":"text","content":"\n\n\n\n(JEC) TSX\n\n\nCALGARY, May 15 /CNW/ - Jura Energy Corporation today announces the\nfiling of its second quarter report for the 2007 fiscal year. Jura is listed\nand traded on the Toronto Stock Exchange under the trading symbol JEC.\n\n\nJura Energy Corporation is an international energy company engaged in the\nexploration, development and production of petroleum and natural gas\nproperties. The Company's activities are conducted exclusively in Pakistan.\nThe Company has ownership positions in production, exploration, appraisal and\ndevelopment concessions, and is presently engaged in obtaining and evaluating\nseismic and other data to identify drilling locations on these properties.\n\n\nThe Company's activities in its second quarter ended March 31, 2007 were\nfocused on the assessment and evaluation of data received from a seismic\nprogram that commenced in February 2007 that is to extend to all six of the\nconcession areas in which the Company has an interest. The Company expects\nspecific drilling locations to be selected once evaluation of seismic data has\nbeen completed, with drilling expected to commence in the Company's last\nfiscal quarter of 2007.\n\n\nBy agreements dated November 3, 2006, the Company, together with its\nin-country partner concluded the acquisition of the shares of Pyramid Energy\nInternational Inc, - a company whose primary assets consist of interests in\nproducing natural gas properties within Pakistan. The acquisition of the\nproducing petroleum and natural gas properties of Pyramid Energy International\nInc. has an effective date of January 3, 2007 for accounting purposes, and\nthus the Company's Statement of Operations for its second fiscal quarter is\nthe first for which oil and gas operating activities are reflected.\n\n\nThe consolidated financial statements are available on SEDAR\n(www.SEDAR.com), as is the Company's Management Discussion and Analysis of\nthese activities.\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 condit...