Badin IV North JV Spuds Jamali Deep 1 Well in Pakistan

Jura's Assets in Pakistan
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Badin IV North
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Jura announced that drilling has commenced at the Jamali Deep 1 well located in the Badin IV North Block. The projected depth of the well is 3,870 meters, which will target the Basal Sands of the Lower Goru formation.
Jamali Deep 1 is the second of nine committed exploration wells in the joint venture's exploration program.


Frontier's Interest 37.5% (Other Interests: PEL 37.5%, GPX 25%)

The Badin IV North Block covers an area of 307,900 acres, (excluding the separate D&P licenses mentioned above), and is situated within the province of Sindh in the Lower Indus Basin. The established reservoirs are the various sandstones of the Lower Goru Formation, predominately the Upper Sands and Middle Sands although the more recently proven Basal and Massive Sands are now established exploration targets and will be the main focus of the exploration effort.

In October 2007, a 301 kilometer 2D seismic program was acquired over the Jamali Deep area. The data has been processed and interpreted. Additionally, 982 square kilometers of existing 3D seismic data have been purchased. The immediate exploration program for the Badin IV North block is to drill the Jamali Deep Prospect and test the Basal and Massive Sands. A second drillable prospect is currently being evaluated along with several leads.

The Company intends to drill and test the Jamali Deep exploration well in the last quarter 2008. The Lower Goru targets are expected to occur at depths of up to 12,700 feet. Two further wells are planned to depths of at least 10,171 feet and 7,547 feet respectively. The license has a term of five years and expires in January 2011.


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