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Valeura Updates Production Testing Progress at the Yamalik-1 Well
Valeura Updates Production Testing Progress at the Yamalik-1 Well Canada NewsWire ...
About this update from Valeura Energy Inc.
[{"type":"text","content":"\n\n\n\nValeura Updates Production Testing Progress 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, Dec. 11, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\n\nCALGARY, Dec. 11, 2017 /CNW/ - Valeura Energy Inc. (\"Valeura\" or the \"Corporation\") (TSX: VLE) is pleased to report that the second of four planned production tests in the Kesan formation at the Yamalik-1 exploration well in Turkey (\"Test #2\") has been completed with positive results. The results of the first production test (\"Test #1\") were announced on November 27, 2017. \n\nTwo slick-water fracs were carried out in Test #2 to access approximately 34 metres of indicated net gas pay over a depth interval from 3,819 to 3,968 metres. After establishing steady flow, the well was produced continuously for 39 hours. 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. A similar final 24-hour natural gas rate was achieved in Test #1.\n\nThe initial production rate for several hours from Test #2 was higher than the initial rate measured in Test #1. However, surface pressure measurements suggest that several hours into Test #2, there was a failure of downhole equipment that appears to have obstructed production for the remainder of the test period, including the final 24-hour test rate noted above.  Condensate production in the range of 30 to 40 barrels per MMcf was observed in this test. The condensate measurement is subject to considerable uncertainty given the nature of the testing protocol and the short duration of the testing. \n\n(See advisories below regarding initial production rate disclosure)\n\nThe Yamalik-1 testing program is continuing and a bridge plug has been set above the second test interval prior to executing a planned two-stage frac in the third test interval at a depth of approximately 3,550 metres.\n\nABOUT THE CORPORATION\...