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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 leverage1971on Dec 02, 2019 10:33am
148 Views
Post# 30413038

RE:WHAT HAPPENS NEXT?

RE:WHAT HAPPENS NEXT?Kcac, in terms of risk/reward I am not sure reentry is top of the list. Recall that 
getting gas flowing at Inanli to the tune of 643 mcf/d was a bit of a surprise. I am sure the spike to above 3.5 was based on the belief that as they came up things would only get better, and so why risk the deepest of deep tests. What the next set of discussions will be, should Dev 1 stand up and roar in the commingled test, is where do the partners go next to further appraise this part of the Kesan formation, and will it be a HZ or something different, but certainly not purely vertical. We are looking at "maps" on a presentation that are hardly representative as "data points," whereas the partners will use their data from all 3 sites to make their next decision going forward. Where can we find dry gas that flows, I think they have a decent idea of where to find gas that requires condensate capture as well as water management. Avoid that for now it isn't exactly going anywhere and is likely better suited for a bigger entity to squeeze the last bit of economics out of this Basin.
Just my thoughts
Lev
Bullboard Posts