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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 20, 2023 7:23am
131 Views
Post# 35743843

RE:DEEP = FUTURE

RE:DEEP = FUTURE
cyber37 wrote: As I said before; the deeper potential encountered in Wassana in wells A28 & A28-ST1 could be a game changer but it will take time. All other developments are just optimizing ‘old stuff’ which at most will only stop the steep declines from those aging reservoirs; DEEP is where is at. Significant growth can only come through exploring this new frontier regardless of what is current FCF…lol.
G37




The Nong Yao expansion is new/growth stuff....
The Wassana (possible) expansion is extraordinary important in two ways:

1) It's a nice backup, just in case the tax reorganization will fail = Nols only for Wassana.
2) The field would produce longer, than the other fields = they have income then, to use tax deductible Aros from the other fields.
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