GreeceThere is a lot of news in Greece regarding VLE's recent wells. The Thrace extends into their country and they are watching closely to see the final results of these 2 wells. Economic gas in the shale would be a big story for the entire area and likely put VLE much more in the investment limelight. This is translated thus some of the wording.
Eastern Thrace: Successful Test Surveys Canadian Society for Gas schism
Date / Date Posted: Monday, January 18, 2016
Successful were the results of the first empirical test of the Canadian Valeura Energy Inc. for gas slit(shale gas) in Eastern Thrace. The surveys took place in 2015, during a 24 hour production test with limited production 3.4 million. Cu. Feet per day in the region of Banarli where Valeura fully licensed.
Permission was given to the Canadian company in April 2014 and relates to the region total area of 118 598 hectares, close to the central and deepest part of the basin of eastern Thrace. The Canadian company, headquartered in Calgary, announced last December that it carried out test mining in two wells in Banarli. At first, Bati Gurgen-1, the mining reached a depth of 2,735 meters beyond the scopeTeslimkoy the formation of Mezardere. Also, in addition to 3.4 million. Cu. Ft given by the 24-hour test, mined 15 barrels of gas condensate. Studies in other formations related Bati Gurgen -1 is expected to complete one to two months after it started production.
Currently, the Bati Gurgen -1 is closed and awaiting the completion of the pipeline associated with dewatering unit, which is located about 3 km. SE of land held by the consortium of Thrace BasinNatural Gas (Turkiye) Corp. and Pinnacle Turkey Inc.
The second research well of Valeura, the Yayli -1, quarried at a depth of 2.914 meters beyond the scope Teslimkoy formation of Mezardere, is expected to be connected with the Bati Gurgen -1.
The completion of the investigations is expected in late January 2016, according to the company, when it is expected to produce the first quantities of gas from Banarli.
Recall that shale gas deposits and has our country in Western Thrace (Alexandroupolis, Orestiada), Pindos, and other areas of Northern Greece, according to a preliminary study of IGME. The study was conducted in collaboration with scholars from the geological sections of Athens, Thessaloniki and Patras, on behalf of the Environment Ministry under the instructions of then Deputy Minister Yiannis Maniatis competent to determine whether there are indeed such hydrocarbons in Greece.