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Valeura Announces Positive Results from the Inanli-1 Appraisal Well
Valeura Announces Positive Results from the Inanli-1 Appraisal Well Canada NewsWir...
About this update from Valeura Energy Inc.
[{"type":"text","content":"\n\n\n\nValeura Announces Positive Results from the Inanli-1 Appraisal 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\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Jan. 28, 2019\n\n\n\nCALGARY, Jan. 28, 2019 /CNW/ - Valeura Energy Inc. (TSX:VLE) (\"Valeura\" or the \"Company\"), the upstream natural gas producer focused on appraising and developing an unconventional gas accumulation in the Thrace Basin of Turkey, has finished successfully drilling and logging the Inanli-1 appraisal well. \n\n \n \n\n \nHighlights\nInanli-1 drilled to a total depth of 4,885 metres The objective section from 3,270 metres to 4,885 metres (1,615 metres gross column) is high net-to-gross sandstone that is interpreted to contain over-pressured gas More natural fracturing was encountered than in Yamalik-1, including four stand-out intervals Two reservoir sweet-spots were encountered that can be correlated to offsetting wells The well is being cased and will be left in a state ready for completion fracking and production testing Completion operations are planned to commence around the end of Q1 Drilling operations\nInanli-1 was drilled safely to a total depth of 4,885 metres (\"TD\"), at which point the associated time and cost to trip the drill pipe for a new drill bit drove the decision to call TD. The well is currently being cased and will be left in a state ready for completion, fracking, and production testing. The rig will be released from the location in the coming days and will begin relocating to the next appraisal well location, Devepinar-1.\nThe key objectives of the well were to prove that the over-pressured, gas-bearing reservoir discovered in the Yamalik-1 exploration well is laterally continuous and is indicative of a basin-centered gas accumulation (\"BCGA\"), to test for effective reservoir and over-pressured gas at deeper depths than Yamalik-1, and to test for the presence of natural fracturing in the reservoir as predicted from the Company's seismic and geological studies.  All of these objectives have been met.\nCosts for the drilling, coring and logging evaluation are car...