Valeura Energy Inc.

09:48 AM EST - Valeura Energy Inc. : Provided results of the fourth test at the Inanli-1 well, and a summary of well results. Subsequent to the completion of this test at Inanli-1, Valeura and its partners now plan to move testing to the Devepinar-1 well where operations are expected to commence within the week. The fourth test targeted an interval between 3,681 metres and 3,723 metres in the Kesan Formation, which was stimulated by placing approximately 100 tonnes of proppant into the reservoir. The net porous sand (above 3% porosity) within this gross section is interpreted to be 37.6 metres and the average porosity was 6.8%. Utilising artificial lift to assist in cleaning up the well, the interval was flowed for 10 days. Valeura Energy Inc. shares T.VLE are trading down $0.62 at $1.05.