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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 justasmuckon Sep 29, 2019 11:22pm
211 Views
Post# 30176165

VLE on CEO.CA for a diffrent slant

VLE on CEO.CA for a diffrent slantThe only thing I'll add is. They figured out where the H2O comes from. They figured out if water between lwr perf is in communication with upper perf they further calibrated the fracing technique after the big sand off and perfected this in time for the sweet spot. Note no positive thank you's on succesfully nailing 2 incrementally larger fracs 
I also agree with the wash out being partially accelerated by stop losses, driven by algo shorts.
Minimum of six zones to be perfed and fraced. Come on people 3rd inning,. Not 9th!!
I like the combined flow rate of + 1MMcf/d as mentioned and i love the fact that rather then talking about frigeng compartmentalization B. S.... They speak of continuity of the zone which to my trained eye speaks volumes. Remeber we are dealing with extremely tight rock. Next well test is 20KM away and we allready have a pretty good idea the zones correlate. 3 Pins in a haystack so to speak the economic sweet spots could be anywhere within that huge area of land but what the detractors will say its an ocean based on 1 30M ? zone in a klick of pay.  
Me thinks not. Once again i assure you that GMP, Cannacord etc have way more information then Justin G.S or the rest of the guys who want to play games for nickles and dimes or collect stock.
GLTA For the glass not half empty view point https://ceo.ca/vle
Bullboard Posts