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Jura Releases Third Quarter Results
Jura Releases Third Quarter Results.
About this update from Jura Energy Corporation
[{"type":"text","content":"\n\n\n\n(JEC) TSX\n\n\nCALGARY, Aug. 13 /CNW/ - Jura Energy Corporation today announces the\nfiling of its third 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 third quarter ending June 30, 2007\ncontinued to focus on the assessment and evaluation of data received from a\nseismic program that commenced in February 2007 that is to extend to all eight\nof the concession areas in which the Company has an interest. The Company\nexpects to commence drilling the first of two development wells on its Block\n22 concession in the third quarter of 2007 with a third development well to\nfollow on a yet to be determined location. Production levels remained\nconsistent in the quarter to the previous quarter from the Pyramid Energy\nInternational Inc. properties acquired on January 3, 2007.\n\n\nOn June 6, 2007 the Company closed a $30.0 million bought deal equity\nfinancing. 26,100,000 common shares were issued at a price of $1.15 per share.\nThe net proceeds of $27.9 million will be used to fund a portion of the 2007\nand 2008 capital program and for general corporate purposes.\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 conditions, the uncertainties resulting from\npotential delays or changes in plans, the occurrence of unexpected events, and\nthe Corpo...