09:49 AM EST - Valeura Energy Inc. : Provided an update on appraisal drilling operations, which the Company is undertaking with its joint venture partner Statoil Banarli Turkey B.V. The Inanli-1 appraisal well is drilling ahead at 4,145 metres with positive interim results. Based on drilling data and gamma ray log data recorded while drilling, the well encountered the top of the high net-to-gross objective section at approximately 3,270 metres and has drilled through 875 metres of prospective gross reservoir to date. Preliminary interpretation suggests the net-to-gross of the drilled section is at least as good as the approximately 40% net-to-gross encountered in the Yamalik-1 discovery well. Valeura Energy Inc.
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