Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (158736)	5/14/2009 2:04:33 PM
From: northerner2	Read Replies (1) \| Respond to of 313677

jec.t major move Jura Energy drills, logs Rafay-1 well 2009-05-14 07:36 ET - News Release Mr. Graham Garner reports JURA ENERGY ISSUES DRILLING UPDATE; TOTAL DEPTH REACHED ON RAFAY-1 AND JAMALI DEEP WELLS Mirpur Mathelo block (block No. 2769-9) Jura Energy Corp. has drilled the Rafay-1 well to a total depth of 3,671 metres. Gas shows were observed over a 480-metre section in the targeted Lower Goru, including components up to nC5. Logging of the hole is complete and the results indicate several potential hydrocarbon-bearing zones within the Lower Goru B and C sands. The liner has been run and set. Drill stem testing is scheduled to commence in four days. The joint venture is in the process of finalizing the testing program. Jura expects to perforate at least 38 metres in the test zones, which have a gross sand thickness of approximately 96 metres. Through its subsidiary, Frontier Holdings Ltd., Jura has a 35-per-cent interest in the Mirpur Mathelo block. Jura's interest may be reduced to 28 per cent in the event the government of Pakistan exercises back-in rights under the petroleum concession agreement. The remaining interest is held by the operator, Petroleum Exploration (Pvt.) Ltd.; Government Holdings (Pvt.) Ltd.; and Gulf Petroleum Exploration International. Badin IV North block (block No. 2468-6) The Jamali Deep-1 well has been successfully drilled to a total depth of 3,872 metres. Gas shows were observed over 1,300 metres throughout the targeted Lower Goru. Logging of the hole is complete and the results indicate several potential hydrocarbon-bearing zones in the Lower Goru massive sand. The liner has been run and set. Drill stem testing is scheduled to commence in six days. The joint venture is in the process of finalizing the testing program. Jura expects to perforate at least 49 metres in the test zones, which have a gross sand thickness of approximately 85 metres. Additional zones within the A and B sands of the Lower Goru Upper sands are also being considered for testing. Through its subsidiary, Frontier Holdings Ltd., Jura has a 37.5-per-cent interest in the Badin IV North block. The remaining interest is held by the operator, Petroleum Exploration (Pvt.) Ltd. and Gulf Petroleum Exploration International. Jura noted the extraordinary support that the government of Pakistan -- Ministry of Petroleum and Natural Resources had provided to the operator and all joint venture partners throughout the drilling of both wells. We seek Safe Harbor.