Market Impact: Positive. Valeura announced confirmation of a natural gas discovery on the Banarli License (100% WI). The Bati Gurgen-1 exploration well's 24-hour production test flowed at an initial restricted rate of 3.4 mmcf/d. The Yayli-1 exploration well is expected to be completed by late January 2016e, and Valeura continues to target first natural gas sales from the discoveries by the end of January 2016e.
04 Jan 2016
CONFIRMS NATURAL GAS DISCOVERY IN ITS FIRST BANARLI EXPLORATION WELL; PROVIDES OPERATIONAL UPDATE
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CONFIRMS NATURAL GAS DISCOVERY IN ITS FIRST BANARLI EXPLORATION WELL; PROVIDES OPERATIONAL UPDATE
Market Impact: Positive. Valeura announced confirmation of a natural gas discovery on the Banarli License (100% WI). The Bati Gurgen-1 exploration well's 24-hour production test flowed at an initial restricted rate of 3.4 mmcf/d. The Yayli-1 exploration well is expected to be completed by late January 2016e, and Valeura continues to target first natural gas sales from the discoveries by the end of January 2016e.