MT Newswires - very positive results 09:48 AM EDT, 09/17/2018 (MT Newswires) -- Valeura Energy Inc. (VLE.TO) reports that ut has successfully recompleted the Yamalik-1 well by drilling out the plugs and installing production tubing to allow for a long-term production test on a comingled basis. The well began producing gas and condensate on September 12, 2018. At the end of 24 hours of continuous production, the flow rate was 2.53 mmcf/d through a 20/64" choke with a wellhead pressure of 2,535 psi.
Four days into the production test the well was beginning to show signs of stabilized flow, with gas rates currently at 1.40 mmcf/d. The well is still in clean up with an average frac water return rate of 870 bbls/day and the amount of frac water recovered is estimated to be 33%. Initial analysis on the composition of the water indicates that this is primarily frac fluid. The average condensate rate over the first 4 days of production is 49 bbl/mmcf.
In the coming days, Valeura expects to begin producing the well through its infrastructure.
The company is also preparing to spud Inanli-1, the first of three appraisal wells, in the next month with well results expected in late Q4 2018. Key equipment, including a drilling rig, is being mobilized to the drilling location, which is approximately 6 km to the north-east of the Yamalik-1 discovery well.