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Valeura Energy pleased with co-mingled gas production tests

“Further modelling work is needed to interpret the implications of the comingled test results, which will lead to establishing the next steps for our continuing appraisal of the deep gas play," said chief executive Sean Guest.

VALEURA ENERGY INC - Valeura Energy pleased with co-mingled gas production tests

Valeura Energy Inc (LON:VLU) (TSE:VLE) has revealed co-mingled production results from its new well in Turkey.

The Devepinar-1 well, located in Turkey’s Thrace Basin, has flowed gas at an average rate of 908,000 cubic feet per day in the test with all the well’s three gas intervals open.

It was noted that the co-mingled rate was similar to that which had been seen in previous tests of the single intervals which, according to the company, may indicate that each of the three interval stimulations are in contact with the same fracture network.

Further modelling work is presently underway to fully interpret the production test results.

READ: Valeura Energy chases big prize in Turkey

Valeura said that in total the well was tested over 20 days and the overall average rate was measured at 1,106 cubic feet per day.

"The results from Devepinar are on trend with our predictions derived from the other tests conducted in the basin with regard to product characteristics - at this depth we see dry gas, with no condensate,” said Sean Guest, Valeura chief executive.

“While every test to date has resulted in gas flowing to surface, we continue to see the best flow rates at the deepest intervals in the play. 

“Further modelling work is needed to interpret the implications of the comingled test results, which will lead to establishing the next steps for our continuing appraisal of the deep gas play."

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