Jura Energy Corporation provided the update that the Zarghun South-3 development well ("ZS-3"), in the Zarghun South Development and Production Lease ("Zarghun South Lease"), has been successfully completed as a gas producing well in the Dunghan Limestone formation of Paleocene age. ZS-3 was drilled as a deviated well to a total measured depth of 1,820 meters. During the short duration post completion test, the well flowed gas at an average rate of 10.5 MMcf/d at 32/64-inch choke size, having a heating value of approximately 920 Btu/Scf, with an average wellhead flowing pressure of 1,800 psi. The tie-in of ZS-3 with the gas processing facilities is complete and production is expected to commence shortly. Anticipated future production from the ZS-3 is expected to be entitled to a gas price of USD 5.52 per MMBtu, based on a carriage and freight crude oil price of USD 55 per barrel, under the Tight Gas (Exploration & Production) Policy, 2011.