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Valeura Updates Production Testing Progress (Test #4) at the Yamalik-1 Well
Valeura Updates Production Testing Progress (Test #4) at the Yamalik-1 Well Canada...
About this update from Valeura Energy Inc.
[{"type":"text","content":"\n\n\n\nValeura Updates Production Testing Progress (Test #4) 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. 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, Dec. 27, 2017 /CNW/ - Valeura Energy Inc. (\"Valeura\" or the \"Corporation\") (TSX: VLE) is pleased to report that the fourth production test in the Kesan formation at the Yamalik-1 exploration well in Turkey (\"Test #4\") has been completed with positive results. The results of the three earlier production tests in the Kesan formation were announced on November 27, 2017, December 11, 2017 and December 18, 2017, respectively. \n\n\n \n \n\n \nTwo slick-water fracs were carried out in Test #4 to access approximately 66 metres of indicated net gas pay over a depth interval from 3,320 to 3,461 metres. The well was produced for a total of 41 hours. Over the final 24 hours of the test, the well was produced at an average restricted rate of approximately 0.4 million cubic feet per day (\"MMcf/d\") of natural gas. This result increases the aggregate 24-hour tested production rate from the four completed tests to approximately 2.9 MMcf/d.\n\nCondensate production in the range of 30 to 50 barrels per MMcf was observed in Test #4. As in Test #2 and Test #3, 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\nTest #4 completes the planned production testing of the well. However in a change from earlier plans, the Corporation now plans to mill out the bridge and flow-through plugs in the well and flow all of the intervals in a commingled fashion within the 5.5 inch production casing string. There are some limitations with the surface testing equipment that may not enable this planned clean-out and commingled production testing operation to be completed at this time. If so, the well...