Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 3:41pm
134 Views
Post# 30360696

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Shame on the Inanli pre-test model

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Shame on the Inanli pre-test modelThe deepest of Dev has gas for sure.
During ER, CEO said we are not ready to release the data. We want to do 3-4 weeks test and will tell you by end of this month.
So, that means the test started in the first week of Nov (3-4 weeks by end of Nov).  On Nov 13, Sean already has a couple of days data and he want to go 3-4 weeks and two more appraisal well next year.
Obviously the initial flow is positive.

The question is: is it better than the deepest of inali, which is 0.8 decline to 0.6 after 10 days, out of 32 meters?
If it is better, then they could test even deeper?  If less, then 0.8 is the best they can get?  Deeper, tighter rock, upper more water.

So, now they have 400 meters long continuous dry gas columns with 0.4-0.5/ per frack (~30 meters) on average.  What to do the next?

1) vertical to combine 400 meters? That is 4-5 mmcf.  I am not sure about the decline.
2) 60 degree deviate which is 1200 meters long?
3) horizontal out of the best zone ( 0.8 x 10 = 8 Mmcf initial,  I am not sure about the decline)
4) dig more center area of BCGA, where there is less water?

BTW I am not geologists, just trying to understand from a logical perspective.

Bullboard Posts