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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 Dec 20, 2017 10:25am
133 Views
Post# 27195220

RE:VLE's and EW's facts meet complacency, ignorance, insults

RE:VLE's and EW's facts meet complacency, ignorance, insults Pretty obvious you know nothing about the story beyond the numbers from the first well.  You really should do some research to understand that the rest of the story is very compelling and what is driving the SP movement.  The first well location was purposely selected on the perifery of what was believed to be an pressure sealed overpressured basin centered gas accumulation.  The expectations for this well were low being likely away from natural fractures caused by fault lines but they want to test the success of getting gas to move with only two hydraulic fracture stages/four test intervals in a vertical well.  They got gas to move at rates above expectations and also unexpectandly found condensate for this "worst case" well.  Now for the next well in 2018 lets move to the centre of the 1600 km2 area well over 1 km deep of overpressured gas close to fault lines and plenty of natural fractures and drill another vertical well then lets now look at going horizontal with a 2 - 3 km leg and dozens of frac stages in a country that imports over 95 % of its natural gas at about $7/mcf.  Starting to get the picture why everyone want in......
I agree that this is still in the exploration stage but with every test the BCGA theory is proven and being de-risked slowly but surely.   

Bullboard Posts