Jura announces Zarghun South-3 completion and test results

Jura Energy Corporation (“Jura”) (TSX VENTURE:JEC) is pleased to provide the following update that the Zarghun South-3 development well (“ZS-3”), in the Zarghun South Development and Production Lease (“Zarghun South Lease”), has been successfully completed as a gas producing well in the Dunghan Limestone formation of Paleocene age.

ZS-3 was drilled as a deviated well to a total measured depth of 1820 meters.

During the short duration post completion test, the well flowed gas at an average rate of 10.5 MMcf/d at 32/64-inch choke size, having a heating value of approximately 920 Btu/Scf, with an average wellhead flowing pressure of 1800 psi.

The tie-in of ZS-3 with the gas processing facilities is complete and production is expected to commence shortly. Anticipated future production from the ZS-3 is expected to be entitled to a gas price of US$ 5.52 per MMBtu, based on a carriage and freight crude oil price of US$55 per barrel, under the Tight Gas (Exploration & Production) Policy, 2011.

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

About Jura Energy Corporation

Jura is an international energy company engaged in the exploration, development and production of petroleum and natural gas properties in Pakistan. Jura is based in Calgary, Alberta, and listed on the TSX-V trading under the symbol JEC. Jura conducts its business in Pakistan through its subsidiaries, Frontier Holdings Limited and Spud Energy Pty Limited.