Jura Energy Corporation (Jura) revealed Tuesday that the drilling of Badar-2 development well has commenced in the Badar lease in the Middle Indus Basin, Pakistan. The projected depth of the well is 4,740 feet (1,445 meters), which will target the Sui Main Limestone formation of Eocene age.
Anticipated future incremental production from Badar lease after drilling of development well Badar-2 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.
The Badar lease covers an area of 47.1 square miles (122 square kilometers) and is located in the Middle Indus Basin of Pakistan, close to major industrial gas markets and infrastructure.
Jura holds a 7.89 percent working interest in the Badar lease, which is operated by Petroleum Exploration (Pvt.) Limited.
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