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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

Comment by cyber37on Oct 03, 2023 11:05am
138 Views
Post# 35666837

RE:Some media attention…

RE:Some media attention…This story is still unfolding: 
“Valeura Energy has drilled two successful appraisal wells on the Wassana oil field, where production remains suspended……”
And ongoing operational issues (that were to be expected with this acquisition) are being looked after:
“Valeura, and the FSO owner, have now decided to find a new contractor to operate the vessel. It aims to resume production at the field in the fourth quarter of this year.”

I think restarting Wassana is where the near future is.
G37

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