Jura Energy Announces First Gas Production from Guddu Block in Pakistan

Jura Energy has announced first gas production from the Reti-Maru gas fields in the Guddu block in Middle Indus Basin in Pakistan.

The company expects gross production to reach 12 MMcfd (net to Jura 1.3 MMcfd) in January 2014.

The gas is being sold to Engro Fertilizers Limited as the representative of a consortium of fertilizer companies pursuant to a gas sale agreement (GSA) entered into by Jura in March 2013, the company said.

Based on the gas price of $3.40 per MMBtu the expected monthly revenue net to Jura will be $ 80,000.

Jura holds 10.66% working interest in the Guddu block, which is operated by Oil and Gas Development Company Limited.

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