RE: stellar energy farm out presentation12 Apr 2022 17:26
The most recent well operation is kept out of the presentation:
During the second quarter 2020 Valeura resumed production testing of the Devepinar-1 well in which the Kesan Formation had been previously stimulated at three depths between 4,640 and 4,765 metres. This zone flowed gas to surface over a cumulative total of 41 days, producing an aggregate 28.6 MMcf of natural gas, of which approximately 75% was produced into the Company’s infrastructure and sold to customers. The well’s average initial production rate over 30 days (IP-30) was 890 Mcf/d, and over the course of the test period, declined to approximately 170 Mcf/d for the final 7 days of flow. Testing and evaluation of this section in the well has now been completed and the well has since been shut in. Pressure build up data will now be acquired to assist in interpretation.