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Pakistan drilling and seismic update
Pakistan drilling and seismic update.
About this update from Jura Energy Corporation
[{"type":"text","content":"\n\n\n\n(JEC) TSX\n\n\nCALGARY, Sept. 19 /CNW/ - Jura Energy Corporation ("Jura" or the\n"Company") is pleased to announce the spudding of the Hassan 3 well on the\n18th of September, 2007. The Hassan 3 well is located in Block 22 in the\nCentral Gas Basin of Pakistan and has been designed as a development well to\ntarget the Sui Main Limestone Reservoir at a depth of 1,022 meters; the well\nis expected to take 28 days to drill and will be tied into the existing gas\nprocessing facilities after an 8 day testing program. A second Block 22\ndevelopment well, Khanpur 2, is planned to be drilled immediately thereafter.\nA third well will be drilled in either Block 22 or in the Hamza Appraisal\nArea, which is located adjacent to Block 22; the location will be determined\nfollowing the interpretation of two seismic surveys recently shot over both\nareas. Jura has a 10.5% participating interest in Block 22 and a 13.3%\nparticipating interest in the Hamza Appraisal area. The drilling contractor\nwill be the Sichuan Petroleum Administration drilling company of China for the\nthree well program.\n\n\nThe Company can also advise that five seismic programs have now been\ncompleted in the Pakistan Central Gas Basin; Mirpur Mathelo (254 kilometers),\nSalam (88 kilometers), Kandra - upper and lower reservoirs (361 kilometers),\nBlock 22 (62 kilometers) and the Hamza Appraisal Area (134 kilometers). The\nseismic crew has now been relocated 250 kilometers south to the Badin North IV\nBlock where 56 kilometers of a 295 kilometer survey have been shot; upon\ncompletion of this survey a 300 kilometer seismic survey will be undertaken on\nthe Badin South IV Block. The Company has a 37.5% to 50% participating\ninterest in each of the Blocks.\n\n\nSeismic processing is currently taking place at Spectrum Geopex in Cairo.\nThe processed results of the Mirpur Mathelo survey are currently being\ninterpreted at the Company's technical office in Islamabad.\n\n\nJura's President and CEO, Nigel McCue, said, "We are extremely pleased\nwith the progress of the seismic surveys to date together with the very high\nquality of data we have been able to obtain, sometimes in difficult terrain.\nThe results of the Mirpur Mathelo survey are currently being interpreted and\nthe processed Kandra data are due by the end of September; in all cases ...