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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 22, 2017 3:07pm
155 Views
Post# 26394106

RE:RE:news, god i hope they have cause to drill deep 2

RE:RE:news, god i hope they have cause to drill deep 2I am not a drilling engineer but I can say that intermediate casing is installed as part of the wellbore design based on hole characteristics, formation pressures and stability etc. to ensure drilling and wellbore integrity. Some wells can get away with surface casing (well foundation and to protect useable groundwater), production casing and tubing. So in this case they will also need to install production casing and tubing to perforate, complete and flow the well. From an investment perspective I don't believe it means much. 2609 m may just be the point where the next stable formation is to terminate/set the intermediate casing. Yes, correct for coring they can actually bring a cored sample up to look at and analyze - anouther piece to the puzzle to determine porosity/permeability/geology etc. of the particular zone and if/how to complete.
Bullboard Posts