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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 Jul 16, 2017 5:54pm
128 Views
Post# 26474635

RE:RE:RE:RE:RE:RE:RE:Jim

RE:RE:RE:RE:RE:RE:RE:JimOnce they finish running the casing and release the rig that's when they will likely coordinate the content of the release with their partner STO.  
I suspect the news release may be somewhat tempered considering that this first well seems to be very much intended to test the the prospectivity of the potential BCGA.
The fact that they will be fraccing the well is of no concern whatsoever and is expected in any unconventional well and they will likely do multiple fracs.
We are seeing the benefit of having a partner like STO who are bring their expertise and resources to bare including additional expertise with companies like Haliburton.  This and the fact that they are treating this first well like a "science project", tells me that they are giving this project an exhaustive evaluation and will more than likely drill the second well to earn their 50% ownership and test theories learned from the first well.



Bullboard Posts