Jura Energy Provides Updates on Pakistan Operations

Jura Energy has provided an update on its operations in the Zarghun South and Guddu blocks in Pakistan.

Current production from the Zarghun South Block is about 14.3 MMcf/d (Jura share 5.7 MMcf/d). Based on current daily production, and assuming crude oil priced at $70 per barrel, Jura's share of monthly revenue from the Zarghun South Block is close to$ 0.70 million.

Jura holds a 40 percent working interest in the Zarghun South Block, which is operated by Mari Petroleum Company.

Guddu Block

After tie-in with the existing gas pipeline infrastructure, production from development well Reti-2, in the Reti lease, has commenced. Currently, the well is producing gas at the rate of approx. 3.1 MMcf/d (Jura share 0.33 MMcf/d).

Current production from the Guddu Block, including production from Reti-2, is approx. 15.5 MMcf/d (Jura share 1.65 MMcf/d). Based on current daily production, and assuming crude oil priced at $ 70 per barrel, Jura's share of monthly revenue from the Guddu block is approx. $ 0.13 million.

Jura holds a 10.66 percent post commerciality working interest in the Guddu Block, which is operated by Oil and Gas Development Company Limited.