• Two wells recently drilled at Nong Yao are likely to add some reserves.
• The 37H development well has been put on production from the primary reservoir at an initial flow rate of ~500 bbl/d net to Valeura’s WI. The well has also encountered 68 feet of net oil pay across eight separate appraisal target intervals. The volumes associated with these zones were not included in either the reserves or contingent resources categories and will now be further evaluated as targets for potential future ....

28 May 2024
Valeura Energy (TSX: VLE): Drilling success likely to add further resources

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Valeura Energy (TSX: VLE): Drilling success likely to add further resources
• Two wells recently drilled at Nong Yao are likely to add some reserves.
• The 37H development well has been put on production from the primary reservoir at an initial flow rate of ~500 bbl/d net to Valeura’s WI. The well has also encountered 68 feet of net oil pay across eight separate appraisal target intervals. The volumes associated with these zones were not included in either the reserves or contingent resources categories and will now be further evaluated as targets for potential future ....