Valeura Energy Inc. T.VLE

Alternate Symbol(s): VLERF

Energy Oil & Gas E&P

Valeura Energy Inc. is a Canada-based upstream oil and gas company engaged in the production, development, and exploration of petroleum and natural gas in the Gulf of Thailand and onshore Turkey. It is also pursuing inorganic growth in Southeast Asia. It 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), 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 3,200 barrels per day (bbls/d) of medium-weight sweet crude oil. It also has an operating interest in 0.407 million gross acres of prospective rights in the Thrace basin of northwest Turkey. It holds interests ranging from 63% through 100% in various leases and licenses in the Thrace basin.

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Valeura Energy Inc.

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Comment by Viking2017jorsaon Jul 26, 2019 2:37pm

81 Views

Post# 29965053

RE:RE:RE:Equi Q2 Webcast

firstworld wrote: The imporatnt piece are the >1000M payzones. Flow data needed to engineer nexy hole / HZ only. Flow data now has no commercial value, is not intendied to demonstrate commerciality, and not relevant beyond the planning for next hole.

Anyone underwater at the moment just needs to be patient and allow the program to hit first production holes at least. I doubt there are any pops on this besides algo, hft, naked shorts manipulation - which is also good play if you have the horsepower.

I dont care about any flow data from these holes. The main thing for me is that they have 100% success rate on all holes, and data exceedes threshold requirements by a wide margin. It demonstrates the modelling, science, and engineering are on the mark.

kcac1 wrote: "If we could only get that long awaited sustained flow data of Ina (and later Dev) out...soon."

Chreca-We are talking about that "We like to go slow and get it right" Hans, aren't we? Wasn't it stated they need at least 3 to 4 weeks of flow to extrapolate an estimated 12 month flow?

Wouldn't you think they have been testing zone 1 for at least a couple of weeks by now and if there was no flow, it would be material and we would have news? So, do we want news of Ina zone one news out sooner or later. I would think later. I would also think if they tested it for 4 weeks, it would take a week or so to calculate all of the data to be able to put out a projected 12 month flow rate with decline.

Assuming most of the zones get flow and they flow the well for ~ 4 weeks plus a week or so to compile and write and let the attorneys approve a news release. It would be nice if they could somehow figure out how to be dual testing both wells at the same time, otherwise good flow results would appear to take far longer than the 3 to 6 months predicted for testing the two wells.