Jura Announces Gas Discovery in Guddu Block

Source: www.gulfoilandgas.com 3/5/2014, Location: Asia

Jura Energy Corporation announced a commercial gas discovery at the Maru East-1 exploration well in the Guddu block.

The Maru East-1 well was completed in the Pirkoh Limestone Formation of Eocene age. During short duration post-stimulation test on 32/64 inch choke size, the well flowed gas at a rate of 3 MMcf/d with wellhead flowing pressure of 450 psi and a heating value of approximately 700 Btu/Scf.

The Maru East-1 well is located approximately 1.5 Km from existing Guddu pipeline infrastructure. Anticipated future production from the Maru East-1 discovery is expected to be entitled to a gas price of US$6 per MMBtu under Pakistan's Petroleum (Exploration & Production) Policy, 2012.

Jura holds a 10.66% working interest in the Guddu block, which is operated by Oil and Gas Development Company Limited.


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