Valeura Energy Inc. announced successful recompletion of the Yamalik-1 well and initial production rates. The well was successfully recompleted by drilling out the plugs and installing production tubing to allow for a long-term production test on a comingled basis. The well began producing gas and condensate on September 12, 2018. At the end of 24 hours of continuous production, the flow rate was 2.53 mmcf/d through a 20/64" choke with a wellhead pressure of 2,535 psi. Four days into the production test the well was beginning to show signs of stabilized flow, with gas rates currently at 1.40 mmcf/d. The well is still in clean up with an average frac water return rate of 870 bbls/day and the amount of frac water recovered is estimated to be 33%. Initial analysis on the composition of the water indicates that this is primarily frac fluid. The average condensate rate over the first 4 days of production is 49 bbl/mmcf. In the coming days, the company expects to begin producing the well through its infrastructure. Long-term production data from this well is an important part of the ongoing appraisal program of the Basin Centered Gas Accumulation. The company is preparing to spud Inanli-1, the first of three appraisal wells, in the next month with well results expected in late fourth quarter of 2018. Key equipment, including a drilling rig, is being mobilized to the drilling location, which is approximately 6 km to the north-east of the Yamalik-1 discovery well.