Jura Energy Corporation
TSX : JEC

Jura Energy Corporation

May 04, 2011 07:00 ET

Jura Announces Commencement of Drilling

CALGARY, ALBERTA--(Marketwire - May 4, 2011) - Jura Energy Corporation (TSX:JEC) ("Jura") announced today that drilling has commenced at the Wahid-1 well location in the Badin IV North Block. The well will be drilled to a planned depth of 2,300 metres to target the A and B sands of the Lower Goru. The Badin IV North Block is located in Southern Pakistan.

Jura holds a 27.5% working interest in the Badin IV North Block and is carried through substantially all of it's share of the anticipated well cost of US$ 5.4 million (gross).

About Jura:

Jura Energy Corporation is an international energy company engaged in the exploration, development and production of petroleum and natural gas properties with activities conducted exclusively in Pakistan. Jura is based in Calgary, Alberta, and listed on the Toronto Stock Exchange trading under the symbol JEC. Jura Energy Corporation conducts its business in Pakistan through its subsidiary, Frontier Holdings Limited.

Forward-looking statements: This document contains statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Corporation's capability to execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.

The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

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