Jura Announces Release of Interim Filings and Operational Update

Source: www.gulfoilandgas.com 11/29/2021, Location: Asia

Jura Energy Corporation announced the filing on SEDAR of its condensed consolidated interim financial statements as at, and for the three and nine months period ended September 30, 2021 and 2020, and its management’s discussion and analysis for the third quarter of fiscal year 2021.

Operational Update
During the three months period ended September 30, 2021, the gas production from the Zarghun South lease was dropped significantly. The decline in gas production is attributed to a significant drop in wellhead flowing pressures and excessive formation water production caused by a water breakthrough in the naturally fractured Dunghan reservoir. Jura holds a 40% working interest in the Zarghun South lease through its wholly-owned subsidiary Spud Energy Pty Limited, and the lease is operated by Mari Petroleum Company Limited. Considering the significance of these factors, Jura engaged McDaniel and Associates Consultants Limited (“McDaniel”) to provide an updated reserves estimates of the Zarghun South lease as of September 30, 2021.

In its updated reserves report as of September 30, 2021, McDaniel estimated Jura’s proved gross reserves at Zarghun South lease at approximately 9.76 Bcf, and proved plus probable gross reserves at approximately 16.38 Bcf. McDaniel estimated pre-tax net present value of the proved and proved plus probable reserves at approximately US$17.36 million and US$28.87 million respectively, using a discount rate of 10%. This represents an estimated US$31.60 million (65%) decrease in the estimated value of proved reserves, and an estimated US$41.19 million (59%) decrease in the value of proved plus probable reserves, in each case from the last published estimates as at December 31, 2020 (published in Jura’s AIF dated April 29, 2021).


Canada >>  6/30/2022 - Just Energy Group Inc., a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and r...
Ireland >>  6/30/2022 - Lansdowne Oil & Gas is pleased to announce its audited results, for the year ended 31 December 2021. Lansdowne is an upstream oil and gas company, foc...

Nigeria >>  6/30/2022 - LEKOIL, the Cayman Islands litigation asset company with an investment in oil & gas assets in Nigeria, announces its final audited results for the yea...
Slovenia >>  6/30/2022 - Ascent Resources Plc, the onshore Caribbean, Hispanic American and European focused energy and natural resources company, announces its final results ...

United Kingdom >>  6/30/2022 - Stolt-Nielsen Limited reported unaudited results for the second quarter and first half of 2022. The Company reported a second-quarter net profit attri...
United Kingdom >>  6/30/2022 - I am pleased to present the unaudited results of UK Oil & Gas PLC ("UKOG") for the six-month period ended 31 March 2022.

This interim peri...





Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.