Jura Finds Gas at Maru East-1 Exploration Well in Guddu Block in Pakistan

Jura Energy Corporation (Jura) disclosed Wednesday a commercial gas discovery at the Maru East-1 exploration well in the Guddu block in Pakistan's Central Indus Basin.

The Maru East-1 well was completed in the Pirkoh Limestone Formation of Eocene age. During short duration post-stimulation test on 32/64 inch choke size, the well flowed gas at a rate of 3 MMcf/d (million cubic feet per day) with wellhead flowing pressure of 450 psi (pounds per square inch) and a heating value of approximately 700 Btu/Scf (British thermal unit/standard cubic foot).

The Maru East-1 well is located approximately 0.93 miles (1.5 kilometers) from existing Guddu pipeline infrastructure. Anticipated future production from the Maru East-1 discovery is expected to be entitled to a gas price of $6 per MMBtu (million British thermal unit) under Pakistan’s Petroleum (Exploration & Production) Policy, 2012.

Jura holds a 10.66 percent working interest in the Guddu block, which is operated by Oil and Gas Development Company Limited.

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