Jura Energy Updates on Sara-4 Well Ops in Pakistan's Middle Indus Basin

Canada-based Jura Energy Corporation updated Monday that the development well Sara-4, in the Sara Lease, Middle Indus Basin, Pakistan has been successfully completed in the Sui Upper Limestone formation of Eocene age. During a 7 hour post-completion test on a 20/64 inch choke, the well flowed gas at an average rate of approximately 1.6 million cubic feet per day (MMcf/d) (0.96 MMcf/d net to Jura) with an average wellhead flowing pressure of approximately 730 pounds per square inch (psi).

The development well Sara-4 was drilled to a total depth of 3,675 feet (1,120 meters).

Sara-4 is located approximately 0.2 mile (0.3 kilometers) from the existing Sara and Suri gas pipeline infrastructure. Anticipated future production from Sara-4 is expected to be entitled to a gas price of $2.30 per million British Thermal Unit (MMBtu), based on carriage and freight price of crude oil of $27 per barrel, under the Government of Pakistan’s (GoP) Modified 1994 Petroleum Policy (i.e., the GoP’s Policy framework of 2000).

The Sara Lease covers an area of 32 square miles (82.72 square kilometers) and is located in the Middle Indus Basin of Pakistan, close to major industrial gas markets and infrastructure.

Jura is the operator of Sara Lease with a 60 percent working interest.

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