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CALGARY, Alberta, Might 30, 2022 (GLOBE NEWSWIRE) — Jura Vitality Company (“Jura”) immediately introduced the submitting on SEDAR of its condensed consolidated interim monetary statements as at, and for the three months ended March 31, 2022 and 2021, and its Administration’s Dialogue and Evaluation for the primary quarter of fiscal 12 months 2022.
Operational Replace
Jura additional declares that its share of common day by day manufacturing through the three months interval ended March 31, 2022 was roughly 9.71 MMcf/d, in comparison with common day by day manufacturing of 13.75 MMcf/d within the comparative interval. The decline in manufacturing is principally attributable to a constant decline in manufacturing from the Zarghun South lease, which is attributed to a beforehand disclosed vital drop in wellhead flowing pressures and extreme formation water manufacturing attributable to a water breakthrough within the naturally fractured Dunghan reservoir. The present day by day manufacturing at Zarghun South is roughly 7.54 MMcf/d (~3.02 MMcf/d internet to Jura). Whereas the three way partnership companions for the Zarghun South lease are presently evaluating choices to doubtlessly stabilize subject manufacturing, there isn’t a certainty that manufacturing from Zarghun South might be stabilized within the close to future.
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Jura holds a 40% working curiosity within the Zarghun South lease via its wholly-owned subsidiary Spud Vitality Pty Restricted, and the lease is operated by Mari Petroleum Firm Restricted.
About Jura Vitality Company
Jura is a global vitality firm engaged within the exploration, growth and manufacturing of petroleum and pure fuel properties in Pakistan. Jura relies in Calgary, Alberta, and listed on the TSX-V buying and selling below the image JEC. Jura conducts its enterprise in Pakistan via its subsidiaries, Frontier Holdings Restricted and Spud Vitality Pty Restricted.
Ahead Wanting Advisory
This press launch comprises sure forward-looking statements and forward-looking data (collectively referred to herein as “forward-looking statements”) inside the which means of Canadian securities legal guidelines. The phrases “roughly”, and comparable expressions are used to establish forward-looking data. Particular forward-looking statements on this press launch embrace data in regards to the future manufacturing from the Zarghun South lease.
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The forward-looking statements contained on this press launch are primarily based on administration’s beliefs, estimates and opinions on the date the statements are made in gentle of administration’s expertise, present circumstances and anticipated future growth within the areas during which Jura is presently energetic and different elements administration believes are acceptable within the circumstances. Jura undertakes no obligation to replace publicly or revise any forward-looking assertion or data, whether or not because of new data, future occasions or in any other case, except required by relevant regulation.
Readers are cautioned to not place undue reliance on forward-looking data. By their nature, forward-looking statements are topic to quite a few assumptions, dangers and uncertainties that contribute to the likelihood that the anticipated consequence won’t happen, together with a few of that are past Jura’s management. These assumptions and dangers embrace, however will not be restricted to: the dangers related to the oil and fuel trade basically reminiscent of operational dangers in exploration, growth and manufacturing, delays or adjustments in plans with respect to exploration or growth tasks or capital expenditures, the imprecision of useful resource and reserve estimates, assumptions relating to the timing and prices referring to manufacturing and growth in addition to the supply and worth of labour and gear, climate, volatility of and assumptions relating to commodity costs and trade charges, advertising and marketing and transportation dangers, environmental dangers, the flexibility to entry ample capital from inner and exterior sources, adjustments in relevant regulation, and dangers ensuing from the worldwide COVID-19 pandemic and its results on common financial circumstances and public markets, Jura’s enterprise, and the flexibility of Jura to organize and approve required filings in a well timed method. Moreover, there are financial, political, social and different dangers inherent in carrying on enterprise in Pakistan. There will be no assurance that forward-looking statements will show to be correct as precise outcomes and future occasions might range or differ materially from these anticipated in such statements. See Jura’s annual data type for the 12 months ended December 31, 2021, out there on SEDAR at www.sedar.com, for additional description of the dangers and uncertainties related to Jura’s enterprise.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Mr. Muhammad Nadeem Farooq, CEO
Tel: +92 51 2270702-5
Fax: +92 51 227 0701
Web site: www.juraenergy.com
E‐Mail: data@juraenergy.com
Neither TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.
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