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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
Comment by Overertuneon Nov 16, 2019 10:36am
92 Views
Post# 30359982

RE:RE:RE:CEO Sean Guest on Q3 2019 Results-Earnings Call Transcript

RE:RE:RE:CEO Sean Guest on Q3 2019 Results-Earnings Call TranscriptThanks!
 I think the company is moving fast for sure because it is not paid by equinor 100% anymore.  Inali was extremely slow due to equinor.

My understanding is they were doing one frack zone by zone and the dry gas column is very long and continuous and water free and stable gas.  So they have plenty of room to work on.  They can do 10 frack vertically (at least), highly deviat (60 degree is 3 times on top of that, which is 30 times?) or vertically with the best zones?  Their best number so far is 0.8 decline to 0.6 With one frack?  So I don't understand why people are so concerned about not being economical.

Now the question is, is deeper the better, which is against intuitive, since deeper rocks are tighter?  We have to wait and see the dev results.
Then they drill the next two wells to prove the new geology model?

Anyway, with given timeline, I think VLE itself moves a lot quicker because most employees are paid by stock.
Bullboard Posts