Canada-based Jura Energy Corporation (Jura) reported Tuesday that the exploration well, Ismail-1, in the onshore Guddu block in Pakistan's Central Indus Basin was drilled to the total depth of 2,707 feet (825 meters). The targeted Pirkoh Limestone formation was encountered at 2,297 feet (700 meters). Based on the interpretation of logs and the results of Modular Dynamic Tester, the formation is found to be water bearing. Consequently, the well is plugged and abandoned without testing.
Jura holds a 13.5 percent working interest in the Guddu Block, which is operated by Oil and Gas Development Company Limited.
About Jura Energy Corporation
Jura is an international energy company engaged in the exploration, development and production of petroleum and natural gas properties in Pakistan. Jura is based in Calgary, Alberta, and listed on the TSX trading under the symbol JEC. Jura conducts its business in Pakistan through its subsidiaries, Frontier Holdings Limited and Spud Energy Pty Limited.
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