Valeura Energy discovers Oil at Nong Yao D, Niramai, and Wassana North

Valeura Energy Inc. has discovered oil discoveries on Nong Yao D, Niramai, and Wassana North, all offshore Thailand.

The Nong Yao-13 well in the G11/48 concession was drilled to 5,399 ft MD (3,342 ft true TVD) and discovered just over 30 ft of new oil pay across several intervals. The discovery confirms that oil has migrated into this area of the block, a factor that was seen to be a risk in the Nong Yao D area, the comany said in a release Apr. 15. Intervals comprising the discovery are relatively shallow new zones which have not been produced elsewhere on the concession.

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. 

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