Jura Energy Corporation declared an increase in its reserves estimates.

In their Appraisal Report as of December 31, 2012, DeGolyer and MacNaughton Canada Limited (D&M) estimated Jura's proved gross reserves at 63.5 Bcf, and proved plus probable gross reserves at 194.1 Bcf. D&M estimated the net present value of the reserves at US$55 million and US$138 million respectively, using a discount rate of 10% (forecast price case before taxes).

This represents a 769% increase in the estimated value of proved reserves, and a 170% increase in the value of proved plus probable reserves, in each case from the last published estimates as at August 31, 2011 (published in Jura's Management Information Circular dated December 16, 2011).

Tags: Jura Energy Corporation