Valeura Energy has completed an infill drilling campaign on the Nong Yao Field in the Gulf of Thailand.
Two horizontal wells were drilled at the location in the G11/48 license, encountering about 1,000 ft and 700 ft of net oil pay in their horizontal sections respectively, confirming findings from the pre-drill reservoir simulation.
Both wells are onstream as oil producers at a combined rate of about 1,350 bbl/d.
Valeura Energy Inc (TSX:VLE) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play.