RE:Looking good...Valeura Energy (VLE.TO VLERF 83PN) announced three oil discoveries on its assets in the offshore Gulf of Thailand, one in the Nong Yao D area and two in the north-east portion of the Wassana concession. Following this exploration drilling campaign, the company is returning to both infill drilling and development work, which is intended to increase production rates over the coming months to support cash flow generation, particularly, it says, as benchmark oil prices rise to new highs for this year. The company is also planning for further exploration drilling elsewhere in its portfolio later in the year