Jura Energy appoints current CFO Nadeem Farooq to its Board of Directors as interim CEO

– CANADA, Calgary – Jura Energy Corporation (TSX-V:JEC) today announced that Mr. Nadeem Farooq has been appointed Interim Chief Executive Officer of the Company and has also been appointed to the board of directors of the Company, effective September 1, 2017. Mr. Shahid Hameed, formerly interim Chief Executive Officer, stepped down as a director and officer of Jura on the same date.

Mr. Farooq has served as Chief Financial Officer of Jura since completion of its reorganization in 2012. He is a Chartered Accountant with over 15 years of business experience, including over 9 years in the upstream energy industry in Pakistan and internationally.

Concurrently with Mr. Farooq’s becoming interim Chief Executive Officer, Mr. Arif Siddiq has been appointed interim Chief Financial Officer of the Company. Mr. Siddiq has served as Manager, Reporting and Compliance of Jura since completion of its 2012 reorganization. He is a Chartered Accountant with over 11 years of business experience.

Mr. Hameed has served as interim Chief Executive Officer of Jura since October 2013 and was a key figure in leading the Company through a very challenging phase of its history. During his tenure as interim Chief Executive Officer, the Company’s primary asset – the Zarghun South gas field – was brought into production, a successful resolution of a dispute with one of our operating partners was reached and the Company has enjoyed substantial exploration success, notably in our Badin IV South and Badin IV North blocks. The Board thanks Mr. Hameed for his many contributions to Jura over the years during which he has been a key member of the senior management team. At the request of the Board, Mr. Hameed will remain an advisor to the Company during a six month transition period.

Mr. Hameed commented: “It has been a privilege to lead Jura as interim Chief Executive Officer for the last four years and I wish the Company all success in the future. I would like to thank my fellow directors, the management team and our shareholders for their support and confidence over the years.”

About Jura Energy Corporation

Jura is an international energy company engaged in the exploration, development and production of petroleum and natural gas properties in Pakistan. Jura is based in Calgary, Alberta, and listed on the TSX-V trading under the symbol JEC. Jura conducts its business in Pakistan through its subsidiaries, Frontier Holdings Limited and Spud Energy Pty Limited.

For more information : http://www.juraenergy.com

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