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Valeura

Valeura, an upstream natural gas producer focused on developing an unconventional gas accumulation in the Thrace Basin of Turkey, has provided an update on appraisal drilling operations, which the Company is undertaking with its joint venture partner Equinor. The Inanli-1 appraisal well is drilling ahead at 4145 m with positive interim results. The well encountered the top of the high net-to-gross objective section at approximately 3270 m and has drilled through 875 m of prospective gross reservoir to date. Preliminary interpretation suggests the net-to-gross of the drilled section is at least as good as the approximately 40% net-to-gross encountered in the Yamalik-1 discovery well. After operations are complete, the rig will be moved to the next appraisal well location, Devepinar-1, approximately 20 km to the west.


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