(JEC) TSX
CALGARY, May 30 /CNW/ - Jura Energy Corporation ("Jura") announced today that it has filed with the Canadian securities regulatory authorities certain revised continuous disclosure documents in response to a request of, and after consultation with, the Alberta Securities Commission. The request was made in connection with a normal course review of Jura's continuous disclosure documents following the filing by Jura of a notice of intention to be qualified to file a short form prospectus under National Instrument 44-101 - Short Form Prospectus Distributions. The following documents have been refiled by Jura:
- Annual Information Form ("AIF") for the year ended September 30,
2006 - The AIF was revised to:
- Supplement the disclosure of reserves data with a table
reflecting the elements of total future net revenue attributable
to proved plus probable reserves and a table disclosing the net
present value of future net revenue by production group at a
10% discount rate, in each case using forecast prices and costs;
- Include disclosure with respect to work commitments and
expectations regarding expiry of its rights, if any, in relation
to Jura's unproved properties;
- Describe in greater detail its material contracts; and
- Identify Chapman Petroleum Engineering Ltd. as an expert.
- Material Change Report ("MCR") dated January 8, 2007 - The MCR
was revised to provide disclosure of how the acquisition of
66.7% of the shares of Pyramid Energy International Inc.
("Pyramid") on January 3, 2007 would have effected Jura's
reserves data as at September 30, 2006 had the acquisition
occurred on or before September 30, 2006.
- Business Acquisition Report ("BAR") dated March 24, 2007 - The
BAR was revised to correct the amount of consideration paid,
expand the disclosure of the source financial information used
in the determination of pro forma financial information
presented and to reflect in the pro forma financial information
the consolidated balance sheet of Jura as at December 31, 2006,
rather than as at September 30, 2006.
The revised AIF, MCR and BAR, each dated May 29, 2007, replace and
supersede the original documents which should hereafter be disregarded.
About Jura:
Jura Energy Corporation is an international energy company engaged in the exploration, development and production of petroleum and natural gas properties with activities conducted exclusively in Pakistan. Jura is based in Calgary, Alberta, and listed on the Toronto Stock Exchange trading under the symbol JEC.
Forward-looking statements: This document contains statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Corporation's capability to execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.
The Toronto Stock Exchange has neither approved nor disapproved the
information contained herein.