Jura Announces Commencement of Drilling at the Haleema Prospect in the Badin IV South Block
Jura Energy Corporation (“Jura”) announced today that drilling has commenced at the Haleema-1 exploratory well in the Badin IV South block which is located in the prolific oil and gas Lower Indus Basin of Pakistan. The projected depth of the well is 1,807 meters, which will target the Upper Sands of the Lower Goru formation of Cretaceous age.
Management’s estimate of the prospective mean oil resource potential of Haleema-1 is 10.0 million barrels.
The Badin IV South block covers an area of 1,265 km² and is located adjacent to several producing oil and gas fields.
Jura holds a 27.5% working interest in the Badin IV South block, which is operated by Petroleum Exploration (Private) Limited.