Valeura Energy Inc. T.VLE

Alternate Symbol(s): VLERF

Energy Oil & Gas E&P

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.

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Valeura Energy Inc. > 20% Exploration Success of Nong Yao by New Technology

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Comment by cyber37on Dec 12, 2022 12:04pm

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Post# 35166273

RE:20% Exploration Success of Nong Yao by New Technology

This abstract describes use of seismic data to determine type of fluid in pore space of the structure; this is relatively new and if successful can be incredibly useful in drilling for hydrocarbons (excluding brine….water).
I can see how chances of success are as high as 20%, where with conventional seismic company would be lucky to look at 3 to 7%. This is only one example of technological advances made in recent years where older fields can be re-exploited with new technology.
G37

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle