Jura Energy Corporation announced that the exploration well, Khamiso-1, in the Guddu block has been drilled to the total depth of 753 meters in the Pirkoh Limestone formation of Eocene age.
During a short duration pre-stimulation test on a 32/64 inch choke, the well flowed gas at an average rate of 2.95 MMcf/d, having heating value of approximately 697 Btu/Scf, with an average wellhead flowing pressure of 505 psi. A rigless post completion acid stimulation test is expected in the next few days.
Anticipated future production from the Khamiso-1 gas discovery in Guddu block is expected to be entitled to a gas price of US$3.75 per MMBtu, based on carriage and freight crude oil price of US$45 per barrel, under the Pakistan Petroleum (Exploration & Production) Policy, 2012.
Jura holds a 13.5% working interest in the Guddu Block, which is operated by Oil and Gas Development Company Limited.
