RBC now covering ongoing activity with VLE Source: RBC Insight
Key Wells Drilling
Valeura Energy (VLE.TO): Valeura is currently drilling the Inanli-1 appraisal well on the
Company’s Basin Centered Gas Accumulation, onshore Turkey. The well has already reached a
depth of 3,460 m and has encountered overpressured gas-bearing sands in the lower Mezardere
Formation (greater thickness than Yamalik-1) in the interval from 3,262m to 3,440m with a netto-
gross ratio of ~40%. Drilling continues to a target depth of 5,000m and remains on schedule
with final drilling results expected by YE18, and the Company intends to frac and flow test the
well in Q1/19. Inanli-1 is the final earn-in well funded by Equinor.