Jura Energy Announces Commercial Gas Production from Pakistan Block

Jura Energy Corporation on Thursday announced the commencement of commercial production from the Zarghun South gas field in the Zarghun South Block in Pakistan.

Approximately 4 MMcfd (1.6 MMcfd net to Jura) of gas from the field is being sold to Sui Southern Gas Company Limited (SSGCL) under an Interim Gas Sale Arrangement.

Approximately 80% of Zarghun South's reserves are certified as tight gas under Pakistan's Tight Gas (Exploration and Production) Policy, 2011, Jura said.

The tight gas is expected to be entitled to a price of $ 6.74 per MMBtu.

The Zarghun South lease covers an area of approximately 124 sq.km in the western part of the Sulaiman Fold and Thrust Belt of the Middle Indus Basin. It is strategically located near the gas demand centre of the city of Quetta.

Jura holds a 40% working interest in the Zarghun South lease, which is operated by Mari Petroleum Company Limited.