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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 27, 2017 10:08pm
321 Views
Post# 27235301

RE:RE:RE:RE:Valeura Updates Production Testing Progress (Test #4) at the

RE:RE:RE:RE:Valeura Updates Production Testing Progress (Test #4) at theNot surprisingly this is the point where the objectives of STO and VLE diverge a little on this well.  STO and VLE met their main objective of testing a portion of the net pay to validate net pay determinations and the reservoirs response to slick water fracking.  STO is satisfied at this point and aren’t really interested in the production but VLE is.  VLE would like to finish cleaning up the well and see how the well responds to a longer test to prepare for tie in and production.  I can’t say for sure what the limitation is but I suspect it might be with liquids (condensate and remaining load fluid) up the 5 1/2” casing.  If they open the well up to get the liquids to move up the wellbore with enough velocity it could overwhelm the test separator (if it wasn’t sized for that volume of liquids) and if they hold the pressure back on the well to not overload the separator with liquid then it makes it tough for the well to lift the liquids particularly because the well wasn’t fracked to the extent that a normal development well would be.  The solution may be to install tubing (smaller diameter thus more velocity) but it appears that they are going to give it a go and see if the well can keep flowing within the limits of the inlet separator while hoping the well will be able to lift the liquids.  If it works great if not install tubing later on. 
Just a theory.......

GLTA
Bullboard Posts