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Valeura Energy Inc. VLERF


Primary Symbol: T.VLE

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 Nov 19, 2023 8:24am
174 Views
Post# 35743128

RE:RE:RE:RE:RE:Wassana

RE:RE:RE:RE:RE:Wassana I did my homework and you a) got no clue b) didn't read my post carefully.

Wassana is no water tap, which you can switch on and off. No way you'll see 2400 in Q4.
Yes, planned target for it was something like 4000, I said it and it should be the limit of the production unit there. And guess what ? You need to drill wells for it....takes time.

Yes, the Nong Yao expansion will bring a few thousands bpds...guess what ? You have to drill wells for it. Why not do the same at Wassana ? Are we talking about Q4-Q1/2...of course...there's not even a plan there.

The 100k bpd is the fairy tale and vision of an empire builder. You're in the range of multibillion companies then. There's no way, to reach that without dilution or debt and it won't be accretive for the shareprice anyway...it would only shot the can further down the road.

The wells have pretty drastic declines...and the Jasmine/Nong Yao production numbers get a push of around 1-1.5k bpd with a fresh well and lose 500-1k in a month. It's a fight against the decline with one rig, no growth story with magically 25-30k in Q1.
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