Jura Energy Corporation – Kandra Exploration Well Spuds
Monday, August 18th 2008
Jura Energy Corporation announce the drilling of the Kandra 4D well commenced on August 16, 2008 at 11:30 am local time. The target depth of the well is 2,350 meters, which will allow for the evaluation of three separate geological horizons that have been identified as prospective hydrocarbon bearing formations.
The Kandra 4D well is the first of nine committed exploration wells in the joint venture’s exploration program. Following the Kandra 4D well, it is expected that the rig will be mobilized to the Badin IV North block for the drilling of the Jamali Deep target. Multiple leads have also been identified in the Badin IV South, Salam, and Mirpur Mathelo Blocks, with plans to finalize drilling locations and drill an additional two wells in Badin IV North, four wells in Badin IV South, one well in Salam, and one well in Mirpur Mathelo.
Jura Energy Corporation is an international energy company engaged in the exploration, development and production of petroleum and natural gas properties with activities conducted exclusively in Pakistan. Jura is based in Calgary, Alberta, and listed on the Toronto Stock Exchange trading under the symbol JEC. Jura Energy Corporation conducts its business in Pakistan through its subsidiaries, Frontier Holdings Limited and Pyramid Energy International Inc., as well as through its 50% interest in the Kandra Power Company (Pvt) Limited.
