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Bullboard - Stock Discussion Forum 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... see more

TSX:VLE - Post Discussion

Valeura Energy Inc. > Shallow Rights
View:
Post by nozzpack on Aug 15, 2022 8:01am

Shallow Rights

Valueura only holds the deep rights in these licences and leases which is defined as 2500 metres or a pressure gradient of 0.6 psi/ft (1.39 SG), whichever is shallower.
 

Interesting..

Comment by nozzpack on Aug 16, 2022 3:24pm
The formations and their oil/gas content in the Trace Basin are typically natural gas shallower than 2500 m, below that oil, below that wet gas and below that shale gas which typically is found deeper than 4000 m. A review of VLE shallow wells shows almost all were at 2000 m and shalllower. I have no idea of earlier shallow wells not any recent wells by TBNG but presume that these too were also ...more  
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