Jura Announces Zarghun South-4 Completion and Test Results

CALGARY, Alberta, April 10, 2020 (GLOBE NEWSWIRE) -- Jura Energy Corporation (“Jura”) is pleased to announce that the Zarghun South-4 development well (“ZS-4”), 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-4 was drilled as a deviated well to a total measured depth of approximately 2022 meters. A short duration post completion testing was conducted after perforating selective intervals of approximately 245 meters. A summary of the well testing results carried out at various choke sizes is as follows:

	Choke size	Average gas flow rates	Wellhead flowing pressure
		MMcf/d	Psi
	24 / 64”	5.04	1,567
	32 / 64”	8.64	1,492
	40 / 64”	12.25	1,394
	48 / 64”	16.03	1,290

The tie-in of ZS-4 with the gas processing facilities is complete and production is expected to commence shortly.

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.

Forward Looking Advisory

This press release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of Canadian securities laws. The words “expected” and similar expressions are used to identify forward looking information. Specific forward-looking statements in this press release include information concerning anticipated future production from ZS-4 and the timing of commencement of production from ZS-4.