Jura Energy Corporation Announces Update to Q1 Filings

CALGARY, Alberta, June 29, 2020 (GLOBE NEWSWIRE) -- Jura Energy Corporation (“Jura” or the “Company”) is providing an update on the status of the filing of the Company’s interim financial statements for the three month period ended March 31, 2020 and related management’s discussion and analysis (collectively, the “Q1 Filings”) which will be delayed in accordance with ASC Blanket Order 51-517 - Temporary Exemption from Certain Corporate Finance Requirements (the “Blanket Order”), as previously announced by the Company on April 27, 2020 and May 29, 2020.

Until the Company has filed and announced the required Q1 Filings all management and other insiders are subject to the Company’s share trading and black-out policy that reflects the principles in section 9 of National Policy 11-207 - Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.

Jura estimates that the Q1 Filings will be filed no later than July 15, 2020.

Since the news release on May 29, 2020 the Company has disclosed by way of news release the following material business developments:

• The filing on June 2, 2020 of the audited annual financial statements of the Company for the year ended December 31, 2020, along with the annual information form and related management discussion and analysis of the Company; and
• The entering into of a running finance facility totalling Pakistan Rupees 425 million, as announced by the Company on June 11, 2020.

Other than these previously disclosed events, there have been no other material business developments for the Company since the news release of the Company on May 29, 2020.

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 securities filings and the timing of anticipated securities filings pursuant to ASC Blanket Order 51-517 - Temporary Exemption from Certain Corporate Finance Requirements.