Accesswire
19 Jun 2026, 06:00 UTC · 3h ago
Valeura Energy Inc. Announces Completion of Nong Yao Drilling Campaign
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
Accesswire
19 Jun 2026, 06:00 UTC · 3h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
What the story claims
4 claims · each scored for market impact
Aggregate oil production at the Nong Yao field increased from 8,870 bbls/d to approximately 10,500 bbls/d following the drilling and workover campaign. — A direct and quantifiable increase in production from the company's largest producing asset immediately boosts revenue projections.
+0.60Valeura successfully executed its first multi-lateral well, allowing two production legs to occupy a single well slot. — This demonstrates a technical capability to increase reservoir access and capital efficiency, potentially lowering future development costs.
+0.40The company has commenced a five-well drilling programme at the Jasmine field, including a two-wellbore multi-lateral well. — Indicates continued growth momentum and the immediate application of the new multi-lateral technology to other assets.
+0.30Continue reading
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An appraisal well at the Nong Yao field encountered its target as intended, paving the way for future development drilling at the Nong Yao A platform. — Provides positive evidence for the long-term scalability and reserve potential of the field.
+0.20Which stocks this story touches
The company successfully completed a drilling campaign, increased production rates at its largest asset, and successfully executed a record-breaking multi-lateral well.
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