Jura Energy Makes Gas Discovery in Pakistan

Jura Energy on Thursday said it flowed gas at an average rate of 2.95 MMcf/d from the exploration well, Khamiso-1, in the Guddu Block in Pakistan.  

The well has been drilled to the total depth of 753 meters in the Pirkoh Limestone formation of Eocene age.

A rigless post completion acid stimulation test is expected in the next few days.

Anticipated future production from the Khamiso-1 gas discovery in Guddu Block is expected to be entitled to a gas price of $3.75 per MMBtu, based on carriage and freight crude oil price of $45 per barrel, under the Pakistan Petroleum (Exploration & Production) Policy, 2012.

Jura holds a 13.5% working interest in the Guddu Block, which is operated by Oil and Gas Development Company Limited.