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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

Comment by Suppe11on Sep 19, 2023 5:54am
150 Views
Post# 35642787

RE:Brent now $,130 cad per barrel

RE:Brent now $,130 cad per barrelYou got ahead of yourself. They will start a "transition" "sometimes" in Q4, = slow approach. The last production numbers there were something like 2300 bpd. It was the only negative part of the press release. They drilled no infills there, so why should it rise to 5000 bpd ?

Realistically one can expect....maybe 1000 bpd (because they won't start 10/1) on average for Q4 there. It's more a Q1 case, like the whole "show me the money" story is a 2024 case.(tax restucturing, Nong J. capex finished and production growing).
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