Market Impact: Positive. Valeura announced drilling results and the commencement of completion and testing operations on its initial two exploration wells (Bati Gurgen-1 and Yayli-1) on its Banarli License (100% WI), located in the Thrace Basin of Turkey. Mud weights and log results indicate the Mezardere formation is over pressured below approximately 2,500 metres in the Bati Gurgen-1 and Yayli-1 wells.
17 Dec 2015
POSITIVE DRILLING RESULTS AND COMMENCEMENT OF TESTING OPERATING ON BANARLI LICENSE (100% WI)
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POSITIVE DRILLING RESULTS AND COMMENCEMENT OF TESTING OPERATING ON BANARLI LICENSE (100% WI)
Market Impact: Positive. Valeura announced drilling results and the commencement of completion and testing operations on its initial two exploration wells (Bati Gurgen-1 and Yayli-1) on its Banarli License (100% WI), located in the Thrace Basin of Turkey. Mud weights and log results indicate the Mezardere formation is over pressured below approximately 2,500 metres in the Bati Gurgen-1 and Yayli-1 wells.