Jura Completes Sara-4 Gas Well in Pakistan

Jura Energy Corp has announced that the development well Sara-4, in the Sara Lease in Pakistan, has been successfully completed.

During a seven hour post-completion test on a 20/64 inch choke, the well flowed gas at an average rate of approx. 1.6MMcf/d (0.96MMcf/d net to Jura).

The well was drilled to a total depth of 1120 meters.

Sara-4 is located approx. 0.3 km from the existing Sara and Suri gas pipeline infrastructure. Anticipated future production from Sara-4 is expected to be entitled to a gas price of $2.30 per MMBtu, based on carriage and freight price of crude oil of $27 per barrel, under the Government of Pakistan's Modified 1994 Petroleum Policy, Jura said.

The Sara lease covers an area of 82.72 km² and is located in the Middle Indus Basin of Pakistan.

Jura is the operator of Sara Lease with a 60 perecent working interest.