RE:RE:RE:RE:Valeura Energy tests Bati well at 3.4 mmcf/d
I read it as, the first well tested, is better than asked for with one zone still to be tested in it as per the news release today...... this is good good................. The second well having to double up because of the over pressurized zones in the well, is saying the big gas is there, come and get me, which they are going to do. From 5,000PSI to 10,000 PSI is basically wild stuff in a good way, is the vibes I get from the news today. Company said they were putting down 6 more wells this year. I would imagine a couple into each of these new zones would be production wells which would mean a guarantee of hitting on them which would make for wild mathematics regarding cash flow. The government would have to be pretty blind to miss VLE now, not to mention any major oil/gas company watching what is going on. In other words, Big Jim has brought home the bacon, a big truck load. Turkey needs gas @ $9.90, and VLE have it. Cheers..