Jura Energy Corporation announced today that drilling has commenced at Zainab-1 exploratory well in the Badin IV North block, which is located in the prolific oil and gas Lower Indus Basin of Pakistan. The projected depth of the well is 2,600 meters, which will target the Upper and Middle Sands of the Lower Goru formation of Cretaceous age. The Badin IV North block covers an area of 1,246 kmĀ² and is located adjacent to several producing oil and gas fields. Jura holds a 27.5% working interest in the Badin IV North block, which is operated by Petroleum Exploration.
Badin IV North covers an area of 1246 sq. km exploration license, located in the lower Indus Basin, surrounded by oil and gas discoveries. Two exploratory wells were previously drilled in an effort to explore the commercial accumulations of hydrocarbons.
Jura, Based in Calgary, conducts its business in Pakistan through its subsidiaries, Frontier Holdings Limited and Spud Energy Pty Limited. (Source: Jura Energy)