Valeura Energy Inc. T.VLE

Alternate Symbol(s): VLERF

Energy Oil & Gas E&P

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

Valeura Energy Inc.

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Comment by theSwede99on Apr 30, 2019 10:51am

118 Views

Post# 29688493

RE:RE:Red Listed - The Valeura Perma-Bull

Brilliant!!

Not sure if this has been discussed here already, but is the mention of the eight other legacy wells in the latest news release (I'm assuming Hayrabolu, Ergene, Yayli etc.) a concerted refocus by the partnership? Is the intent for re-entry/re-stimulation of these wells?

Valeura and Equinor have now built a strong understanding of the geology of the BCGA play and the presence of over-pressured gas, based on 11 vertical well penetrations, including Yamalik-1, Inanli-1, Devepinar-1, and eight other legacy wells.

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