Jura's Hasan 3 Well Expects High-Rate Production

Jura Energy Corporation has successfully drilled the Hasan 3 well in the Block 22 Gas Field, which is located in the Central Gas Basin, Pakistan.

The well was drilled to a total depth of 1,022 meters to the Sui Main Limestone ("SML") reservoir on time and within budget. The well was tested at a rate of 2.7 MMscf/d pre-acidization through a 24/64" choke and constrained by 2-7/8" tubing.

Post acidization, which is a normal technical procedure for the SML reservoir, it is expected that the well will produce at a significantly higher rate based upon reservoir modeling and the results of previous wells drilled in the Block. The Hasan 3 well will be acidized after an inter-connecting pipeline has been laid and tied-in to the Block 22 processing facilities. This is expected to occur in approximately six to eight weeks.

The rig is currently being moved to the Khanpur 2 well site, which is located approximately 15 kilometers from Hasan 3 within Block 22. Khanpur 2 will be the second of a three well program to be drilled within the Block.

Jura holds a 10.5% participating interest in Block 22.