In today’s briefing:
- Valeura Energy (TSX: VLE): Three exploration wells deliver three discoveries
Valeura Energy (TSX: VLE): Three exploration wells deliver three discoveries
- The Nong Yao-13 exploration well in the new Nong Yao D area that was targeting multiple zones has encountered >30 feet of new oil play across several new shallow intervals which have not been produced elsewhere on the concession.
- These reservoirs are believed to be recurring across the Nong Yao D area.
- The drilling result confirms that oil has successfully migrated into this area of the block (a factor that was seen to be a risk in the Nong Yao D area) and open the opportunity for further appraisal and exploration drilling in the vicinity to derisk sufficient volumes to justify a future development.
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