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Valeura Energy Inc. T.VLE

Alternate Symbol(s):  VLERF

Valeura Energy Inc. is an upstream oil and gas company engaged in the production, development, and exploration of petroleum and natural gas in the Gulf of Thailand and the Thrace Basin of Turkiye. The Company holds an operating working interest in four shallow water offshore licenses in the Gulf of Thailand, which include G10/48 (Wassana field), B5/27 (Jasmine and Ban Yen fields), G1/48 (Manora field) and G11/48 (Nong Yao field). It holds a 100% operating interest in license B5/27 containing the producing Jasmine and Ban Yen oil fields. It holds an operated 70% working interest in license G1/48 containing the Manora oil field, which produces approximately 2,935 barrels per day (bbls/d) of medium-weight sweet crude oil. The Company holds interests ranging from 63% through 100% in various leases and licenses in the Thrace basin. The Company also operates Floating Storage and Offloading (FSO) vessel Aurora, location at Nong Yao field, offshore Gulf of Thailand.


TSX:VLE - Post by User

Bullboard Posts
Comment by Lurker11on Jun 20, 2017 9:22am
180 Views
Post# 26381611

RE:RE:RE:RE:RE:someone know something?

RE:RE:RE:RE:RE:someone know something?I agree with your assessment of the company and management completely. Your buddy is likely over anticipating news and over-reacting regarding the shallow well though. The previous equivalent depth shallow well (Dogu Atakoy-3) spud on January 24th and the news release that it was on production was March 14th (49 days). Assuming drilling success and similar tie-in schedule that puts the news on the current shallow well (Dogu Kilavuzlu-2) in early to mid July. That is also about 60 days for the deep well. Although the shallow well could come sooner this management will likely provide a news release for both wells in mid July. Hopefully good on both fronts.
Bullboard Posts