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Jura Announces Plans to Drill 2 Exploration Wells in Badin IV South Block

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Pakistan-focused Jura Energy Corporation (Jura) announced Monday that the operator of the Badin IV South block in Pakistan has entered into an agreement with Dewan Drilling Limited for the provision of a 900 HP drilling rig. The rig will be mobilized to drill the Ayesha-1 and Haleema-1 exploratory wells in the Badin IV South block. Drilling is expected to commence by the end of December 2013.

Jura holds a 27.5 percent working interest in Badin IV South through its wholly-owned subsidiary, Frontier Holdings Limited. The Badin IV South block lies in the Lower Indus Basin petroleum fairway and covers an area of 488 square miles (1,265 square kilometers). It is located in the administrative Districts of Thatta and Badin in the Sindh Province of Pakistan.

Ayesha-1

The Ayesha-1 well is planned to be drilled to a total depth of feet 7,874 feet (2,400 meters). The Ayesha-1 prospect is delineated on 3D seismic, with the primary objectives being the Lower Goru A, B and C sands of Cretaceous age. The Upper Goru sands produce oil, gas and condensate in several existing fields situated in the vicinity of Ayesha-1, which is located 4.35 miles (7 kilometers) from existing pipeline infrastructure. Condensate and oil produced in the area is generally trucked to refineries in Karachi.

Haleema-1

The Haleema-1 well is planned to be drilled to a total depth of 5,905 feet (1,800 meters). The well will also target the Lower Goru A, B and C sands to test the hydrocarbon potential of the structure delineated on 3D and 2D seismic. Haleema-1 is located approximately 6.21 miles (10 kilometers) from existing pipeline infrastructure.

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