Jura Energy Starts Drilling for Gas in Reti Lease in Pakistan

Jura Energy Corp has announced that the drilling of the Reti-2 development well has commenced in the Reti lease in Pakistan.

The projected depth of the well is 700 meters, which will target the Pirkoh limestone formation of Eocene age. The daily production from Reti lease, after the drilling of Reti-2 development well, is expected to increase from current 2.99 MMcf/d (Jura share 0.32 MMcf/d) to approx. 6 MMcf/d (Jura share 0.64 MMcf/d).

The Reti lease covers an area of 8.60 km² and is located in the Middle Indus Basin of Pakistan, close to major industrial gas markets and infrastructure.

The production from Reti Lease is sold to Engro Fertilizers. Jura holds a 10.66% working interest in the Reti lease, which is operated by Oil and Gas Development Company.

Reti is part of the Guddu Petroleum Concession.