Jura Energy Corporation
TSX : JEC

Jura Energy Corporation

June 01, 2011 06:00 ET

Jura Energy Corporation: Wahid-1 Well Update

CALGARY, ALBERTA--(Marketwire - June 1, 2011) - Jura Energy Corporation ("Jura") (TSX:JEC) announced today that the Wahid-1 well in the Badin IV North block (Pakistan) was drilled to the planned TD of 2300m four days ahead of schedule. Logging of the well was completed May 31, 2011. The target sands within the Lower Goru were encountered close to prognosis. Although the logs indicate the presence of hydrocarbons within the porous sands encountered, the water saturations are deemed to be too high for commercial production. Consequently, the well will be plugged and abandoned without testing.

The drilling rig will be released pending further review of the results and a decision on the location of the second well of the planned 2011 drilling program.

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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