Jura Energy Corporation says that the development well Sara-4, in the Sara Lease, 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 1.6MMcf/d (0.96MMcf/d net to Jura) with an average wellhead flowing pressure of approximately 730 psi.

The development well Sara-4 was drilled to a total depth of 1120 meters.

Sara-4 is located approximately 0.3 km 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 US$2.30 per MMBtu, based on carriage and freight price of crude oil of US$27 per barrel, under the Government of Pakistan's Modified 1994 Petroleum Policy (i.e., the GoP's Policy framework of 2000).

Tags: Jura Energy Corporation