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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
Post by idleweisson Nov 18, 2018 7:49am
166 Views
Post# 28990861

Sean Guest

Sean Guest
I emailed Sean with some of the questions that I had. Here is part of his response: If some zones in the BCGA play are found to produce more water than other, then we need to find these out so we can plan how to manage or avoid them in future. The highest NPV is achieved by producing the lowest water zones first, but this does not mean the zones that do flow water will not be produced after the better zones. Some shareholders called and asked me how we will assure that we dont produced any water in Inanli. Key answer is we wont assure that, if some water is flowing, we want to see it and understand it to help us plan going forward. We are in the mode of acquiring data, not drilling production wells. Yamalik more than fulfilled all of its objectives and was a fantastic well, but it was never designed to produce and it is complicated by the very large vertical section of over-pressured gas. I should emphasise that again, our evaluation is challenging because we have discovered one of the longest, continuous sections of overpressured gas in the world.
Bullboard Posts