Jura updates Pakistan operations

The Khanpur 2 well that was completed in January has been tied-in to the Block 22 processing facilities. The Operator, Petroleum Exploration (Pvt.) Limited (”PEL”), is currently producing the well at approximately 3 MMcf/d and will increase the production gradually over the next few weeks.

The Hasan 3 well, which was completed in October 2007 and tied-in in January 2008, is now producing at 2.45 MMcf/d, up from 2 MMcf/d in January, and will be further increased over the coming weeks.

Drilling is expected to commence at the Sadiq 2 site in mid-March 2008, following construction of an access road which is underway.

Sadiq 2 will be the third well drilled within Block 22 since September of 2007, and follows the successful drilling and completion of Hasan 3 in October 2007 and Khanpur 2 in January 2008 as described above. Following completion of the Sadiq 2 well, it is expected that the rig will be moved to the Hamza appraisal area for further drilling.

Jura holds a 10.5% participating interest in Block 22 through its subsidiary, Pyramid Energy International Inc.