Jura Announces Commencement of Drilling at the Haleema Prospect in the Badin IV South Block
March 03 2014 - 5:09AM
Marketwired
Jura Announces Commencement of Drilling at the Haleema Prospect in
the Badin IV South Block
CALGARY, ALBERTA--(Marketwired - Mar 3, 2014) - Jura Energy
Corporation (TSX:JEC) ("Jura") announced today that drilling has
commenced at the Haleema-1 exploratory well in the Badin IV South
block which is located in the prolific oil and gas Lower Indus
Basin of Pakistan. The projected depth of the well is 1,807 meters,
which will target the Upper Sands of the Lower Goru formation of
Cretaceous age. Management's estimate of the prospective mean oil
resource potential of Haleema-1 is 10.0 million barrels.
The Badin IV South block covers an area of 1,265 kmĀ² and is
located adjacent to several producing oil and gas fields.
Jura holds a 27.5% working interest in the Badin IV South block,
which is operated by Petroleum Exploration (Private) Limited.
About Jura Energy Corporation
This press release contains certain forward-looking
statements and forward-looking information (collectively referred
to herein as "forward-looking statements") within the meaning of
Canadian securities laws. The words "projected", "target",
"potential", "will", "prospective" and similar expressions are used
to identify forward looking information. Specific forward-looking
statements in this press release include information concerning the
drilling of Haleema-1 exploratory well and the estimated
prospective mean oil resource potential.
The forward-looking statements contained in this press
release are based on management's beliefs, estimates and opinions
on the date the statements and are made in light of management's
experience, current conditions and expected future development in
the areas in which Jura is currently active and other factors
management believes are appropriate in the circumstances. Jura
undertakes no obligation to update publicly or revise any
forward-looking statement or information, whether as a result of
new information, future events or otherwise, unless required by
applicable law.
Readers are cautioned not to place undue reliance on
forward-looking information. By their nature, forward-looking
statements are subject to numerous assumptions, risks and
uncertainties that contribute to the possibility that the predicted
outcome will not occur, including some of which are beyond Jura's
control. These assumptions and risks include, but are not limited
to: the risks associated with the oil and gas industry in general
such as operational risks in exploration, development and
production, delays or changes in plans with respect to exploration
or development projects or capital expenditures, the imprecision of
resource and reserve estimates, assumptions regarding the timing
and costs relating to production and development as well as the
availability and price of labour and equipment, weather, volatility
of and assumptions regarding commodity prices and exchange rates,
marketing and transportation risks, environmental risks,
competition, the ability to access sufficient capital from internal
and external sources and changes in applicable law. Additionally,
there are economic, political, social and other risks inherent in
carrying on business in Pakistan. There can be no assurance that
forward-looking statements will prove to be accurate as actual
results and future events could vary or differ materially from
those anticipated in such statements. See Jura's Annual Information
Form for the year ended December 31, 2012, available on SEDAR at
www.sedar.com, for further description of the risks and
uncertainties associated with Jura's business.
Jura Energy CorporationMr. Shahid HameedInterim CEO+92 51 282
5011+92 51 287 0331info@juraenergy.comwww.juraenergy.com