Jura Energy

What Jura Energy does

Jura Energy Corporation is a publicly listed international independent upstream oil and gas exploration and production company operating exclusively in Pakistan. The company holds working interests in nine petroleum concessions spread across Pakistan's Central Indus Basin and Lower Indus Basin, organized through two wholly-owned subsidiaries: Frontier Holdings Limited (FHL) and Spud Energy Pty Ltd (SEPL). The company is listed on the TSX Venture Exchange under ticker JEC, headquartered in Calgary, Alberta, with operational offices in Islamabad, Pakistan. Founded circa 2012–2013, Jura is a sub-scale junior with 11–50 employees and annual revenues under US$10 million.

The asset portfolio comprises three producing properties — Zarghun South (40% WI), Sara-Suri (60% WI), and Badin IV South (27.5% WI) — together with a development/exploration pipeline at Guddu (10.66%/14.21% WI), Nareli, Zamzama North, Badin IV North, and Kandra. Jura sells gas and condensate production to a small set of large institutional buyers in Pakistan's energy sector, including Engro Fertilizers, Sui Southern Gas Company Limited (SSGCL), Konnect Gas, and Pakistan Refinery Limited (PRL), under direct long-term gas sale agreements. Revenue mechanics are therefore commodity-price-exposed and contract-counterparty-concentrated; specific pricing terms are not publicly disclosed.

Jura funds operations through equity (TSX-V listing) and bilateral debt. In July 2024 it secured a US$4.3 million loan from Takashi Capital Fund, upsized to US$6.0 million in March 2026 (with US$3.8 million drawn). In March 2025, IDL Investments Limited acquired a 73.3% controlling stake from Phoenix Exploration Limited, completing a change of control subsequently approved by the Competition Commission of Pakistan in June 2026. The company adopted semi-annual financial reporting under a Canadian regulatory pilot in April 2026. Outstanding matters include a DGPC show-cause notice over the unauthorized share transfer, and a Dutch Court ruling in international arbitration with Petroleum Exploration (Private) Limited regarding PEL attachments.

Name

Jura Energy

Legal name

Jura Energy Corporation

Website

https://juraenergy.com

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Jura Energy Corporation is a Calgary-headquartered, TSX Venture-listed independent upstream oil and gas company that holds working interests in nine petroleum concessions across Pakistan's Central and Lower Indus Basins and sells gas and condensate to state-affiliated energy buyers.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Production

NAICS

Crude Petroleum Extraction (21112), Natural Gas Extraction (211130), Oil and Gas Extraction (2111)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Field Development & EOR/IOR for Gas (Compression, Refracturing, Reservoir Management) (EUAAAAAM)

Keywords

• Upstream oil and gas
• Natural gas production
• Petroleum exploration
• Hydrocarbon concessions
• Working interests Pakistan

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure

Revenue model

1. Petroleum and Natural Gas Sales: Jura Energy generates revenue through the sale of petroleum and natural gas produced from its working interests in various exploration and production blocks in Pakistan. The company holds producing assets in the Guddu Block, Zarghun South, Sara Suri, and Badin IV South blocks, among others.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Jura Energy Corporation is an independent upstream oil and gas company that explores for, develops, and produces petroleum and natural gas from working interests in nine petroleum concessions across Pakistan's Central and Lower Indus Basins. The company sells its hydrocarbon production under long-term gas sale agreements to state-owned and private sector energy buyers in Pakistan, including gas distribution utilities, fertilizer manufacturers, and oil refineries.

Product overview

Jura Energy Corporation is an upstream oil and gas exploration and production company operating in Pakistan through a portfolio of nine petroleum concessions. The company's assets are organized into two categories: (1) Production assets generating current revenue, including Zarghun South (40% WI), Sara-Suri (60% WI), and Badin IV South (27.5% WI); and (2) Exploration and development assets including Guddu, Nareli, Zamzama North, Badin IV North, and Kandra. Working interests are held through two wholly owned subsidiaries: Frontier Holdings Ltd (FHL) and Spud Energy Pty Ltd (SEPL). The company is listed on the TSX Venture Exchange under symbol JEC and maintains headquarters in Calgary, Alberta with operational offices in Islamabad, Pakistan.

Differentiator

Problem solved

Functional benefit

Products and services

• Zarghun South Producing gas concession in Balochistan Province, Central Indus Basin, covering 124.22 sq. km. Jura holds 40% working interest through Spud Energy Pty Ltd. Approximately 04 wells have been drilled (1 discovery, 1 appraisal, 2 development) and gas is sold to SSGCL (Sui Southern Gas Company Limited).
• Guddu Block Production and exploration concession spanning Sindh and Punjab provinces in the Central Indus Basin, covering 2,062.75 sq. km. Jura holds 10.66%/14.21% working interest through Spud Energy Pty Ltd. Approximately 12 wells have been drilled, including 7 discovery wells, 2 development wells, and 3 dry holes. Gas is sold to Engro Fertilizers among other buyers.
• Sara-Suri Producing gas concessions in Sindh Province, Lower Indus Basin. Jura holds 60% working interest through Spud Energy Pty Ltd. Sara covers 82.72 sq. km. and Suri covers 23.82 sq. km., with 06 wells drilled and 02 currently producing. Gas is sold to Konnect Gas.
• Nareli Exploration block in Balochistan Province, Central Indus Basin, covering 2,414.95 sq. km. Jura holds 28.28% working interest through Spud Energy Pty Ltd. The block includes the Dabbar-1 and Dabbar-2 wells.
• Zamzama North Exploration concession in Sindh Province, Lower Indus Basin, covering 1,229.23 sq. km. Jura holds 27% working interest through Spud Energy Pty Ltd. No wells have been drilled to date.
• Badin IV South Production and exploration block in Sindh Province, Lower Indus Basin, covering 844.63 sq. km. Jura holds 27.5% working interest through Frontier Holdings Ltd. Approximately 04 wells have been drilled, including 03 discovery wells and 01 dry hole. Gas is sold to SSGCL and is associated with PRL (Pakistan Refinery Limited) as a buyer.
• Badin IV North Development and exploration block in Sindh Province, Lower Indus Basin, covering 877.9 sq. km. Jura holds 27.5% working interest through Frontier Holdings Ltd. 03 wells have been drilled, including 02 dry holes.
• Kandra Exploration Exploration concession in Sindh Province, Lower Indus Basin, covering 314.43 sq. km. Jura holds 35% working interest through Frontier Holdings Ltd. 05 wells have been drilled.

Named customers4 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Oil and Gas Development Company LimitedcoreStrategic or Co-development Partner · 27 June 2026Operates the Maru Lease within the Guddu Block in Pakistan. Jura holds a 10.66% working interest in the 15.41 square kilometre Maru Lease. The operator commenced drilling at the Maru-3 development well targeting the Pirkoh Limestone Formation of Eocene age.

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Oil and Gas Development Company Limited: Pakistan's largest upstream exploration and production company, operating numerous producing and exploration blocks in the same Indus Basin geography as Jura. It is the operator of the Maru Lease where Jura holds a 10.66% working interest, making it a direct counterparty and most comparable peer.
• Pakistan Petroleum Limited: Pakistan's flagship state-linked upstream E&P company, operating major gas and oil concessions in Sindh and Balochistan. Operates in the same basins and same regulatory framework as Jura, with overlapping customer base among gas utilities and fertilizer producers.
• Mari Petroleum Company Limited: Pakistan-focused mid-cap upstream E&P company with producing gas and condensate assets in Sindh and KPK. Comparable to Jura in scale relative to giants like OGDCL/PPL, and operates under the same Pakistani petroleum concession regime with similar offtake dynamics.
• MOL Pakistan Oil and Gas Co. Bc: Subsidiary of Hungary's MOL Group operating significant upstream concessions in Pakistan (Tal, Makori, Mardan Khel fields). Comparable as an international operator active in the same Indus Basin plays and selling into the same gas distribution network.
• Eni Pakistan Limited: Subsidiary of Italy's Eni S.p.A. with material Pakistani upstream operations. Comparable as an international major holding stakes in Pakistani E&P blocks in the same basins and selling into the same institutional gas offtake market.
• United Energy Group Limited: Hong Kong-listed international upstream company that acquired Kuwait Energy's Pakistan operations. Operates producing Pakistani assets in similar basins, comparable as a non-major foreign operator exposed to the same regulatory and offtake dynamics as Jura.
• PETRONAS Carigali Pakistan: Subsidiary of Malaysia's PETRONAS operating upstream blocks in Pakistan. Comparable as an international NOC-affiliated operator in the same Indus Basin geography selling into the same gas distribution value chain.

Emerging players

• Orca Exploration Group Inc. Small-cap international upstream E&P historically focused on Tanzania (Songo Songo gas field), with similar micro-cap public-listing structure, single-country asset base, and gas-sale-contract-driven revenue model as Jura. Comparable in scale and operational model.
• ShaMaran Petroleum Corp. Junior international E&P with operated interests in Kurdistan's Atrush block. Comparable as a small-cap, single-asset-region upstream operator with concentrated production and exploration exposure and similar governance/disclosure profile.
• Heritage Oil Limited: Small to mid-cap international upstream E&P with operations in Iraq and other frontier markets. Comparable as a publicly-listed, geographically concentrated upstream player with similar size and emerging-market operational risk profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jura Energy