Valeura reported 1Q18 results that are inconsequential, versus the larger target and program of appraising and de-risking the basin centered natural gas accumulation that was discovered in late 2017 with the Yamalik-1 well. The Yamalik-1 well will commence producing testing in early 3Q18e. The drilling of three back-to-back wells will commence in late 3Q18e.

10 May 2018
Program to appraise and de-risk the basin centered natural gas accumulation on track

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Program to appraise and de-risk the basin centered natural gas accumulation on track
Valeura reported 1Q18 results that are inconsequential, versus the larger target and program of appraising and de-risking the basin centered natural gas accumulation that was discovered in late 2017 with the Yamalik-1 well. The Yamalik-1 well will commence producing testing in early 3Q18e. The drilling of three back-to-back wells will commence in late 3Q18e.