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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
Comment by Sj40mfon Nov 27, 2019 9:48am
150 Views
Post# 30397516

RE:Decline Rates

RE:Decline Rates
kcac1 wrote: My understanding of the desired decline rates is they are using 85%@ 12 mo since they are using Granite Wash as an analogy.  One of the Companies that has worked Granite Wash is Chesepeak and in their public material they said that 85% was their aveage 12 month decline.  However, due to the 3 times price advantage, a Thrace well could have a decline as high as 95% @ 12 months and still have an economic well.





With that, you would probably need to be in the 1.5-2 bcfe of production in the first 12 months. But that's 10+ mmcf/d to start, and better be under 10m a well(of any style). 95% wont even allow for any kind of base production to build from

Bullboard Posts