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Valeura Announces Positive Interim Production Test Results and Confirms Natural Gas and Condensate Discovery at the Yamalik-1 well
Valeura Announces Positive Interim Production Test Results and Confirms Natural Gas and Co...
About this update from Valeura Energy Inc.
[{"type":"text","content":"\n\n\n\nValeura Announces Positive Interim Production Test Results and Confirms Natural Gas and Condensate Discovery at the Yamalik-1 well\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Nov. 27, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\n\nCALGARY, Nov. 27, 2017 /CNW/ - Valeura Energy Inc. (\"Valeura\" or the \"Corporation\") (TSX: VLE) is pleased to report positive interim production test results at the Yamalik-1 exploration well in Turkey and to confirm Yamalik as a natural gas and condensate discovery. \n\n\n \n \n\n \nYamalik-1 is the first deep exploration well drilled under Phase 1 of the Banarli farm-in agreement with its partner Statoil Banarli Turkey B.V. and is the Corporation's first test of the deep, basin-centred gas potential in the Thrace Basin of northwest Turkey. The well was drilled through over-pressured formations below 2,500 metres to a total drilled depth of 4,196 metres. A comprehensive 60-day testing program commenced in early November 2017 comprising four planned production tests with two frac stages per test interval (eight stages in total), starting at the bottom of the well.\n\nThe first of the four planned production tests has been successfully completed in the Kesan formation. Two slick-water fracs were completed in the first production test interval to access approximately 15 metres of indicated net gas pay over a depth interval from 3,996 to 4,147 metres. After establishing steady flow, the well was produced continuously for 44 hours through a range of choke sizes and was concluded on November 25, 2017. Over the final 24 hours of the test the well was produced at an average restricted rate of approximately 0.8 million cubic feet per day (\"MMcf/d\") of natural gas and 60 to 70 barrels per day of 56o API gravity condensate (70 to 80 barrels per MMcf). At the end of the test, the well was still cleaning up. \n\nThis 44-hour flow period for the first production test was viewed as sufficient for preliminary in...