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Valeura Energy Inc. T.VLE

Alternate Symbol(s):  VLERF

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.


TSX:VLE - Post by User

Bullboard Posts
Post by Viking2017jorsaon Nov 01, 2019 9:23am
73 Views
Post# 30296461

Yamalik one year ago reminder

Yamalik one year ago reminderValeura is conducting a long-term production test of its BCGA discovery well, Yamalik-1 through a new-build pipeline connected to its production facilities. After drilling out the well’s plugs in August 2018, flowback and testing of the well commenced on September 12, 2018. At the end of 24 hours of continuous production, the flow rate was 2.53 mmcf/d through a 20/64” choke with a wellhead pressure of 2,535 psi. After a period of intermittent flow of gas, condensate and water, a gas lift compressor was installed on October 22, 2018, to assist in the ongoing flow back of frac fluids phase of initial production. Pressures and flow rates stabilized after the introduction of gas lift, and on November 1, 2018 the well produced at a rate of 0.5 mmcf/d gas, 24 bbls/d 
condensate, and 269 bbls/d water through an 18/64” choke with a wellhead pressure of 1,131 psi. 
Bullboard Posts