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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 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

Bullboard Posts
Post by grandcoeur9999on Dec 10, 2015 6:43am
99 Views
Post# 24372054

Turkey is looking for new source or natural gas

Turkey is looking for new source or natural gas

Turkey is currently locked in a diplomatic dispute with Russia which provides for 60% of Turkish gas needs. Iran is the second supplier of gas to Turkey, accounting for 30% of the country’s needs.

Turkish leaders have already begun searching for new energy sources, mindful of serious repercussions if Moscow chose to cut gas exports to punish Ankara over its downing of a Russian bomber in Syria.

Turkey is said to be looking at the possibility of boosting imports from Iran. On Monday, an official dismissed reports that Iran had ramped up supplies to its northwestern neighbor.

Head of the gas measuring station on the Bazargan border Sadeq Akbarpour said ran continues gas exports to Turkey at normal levels.

Iran must supply Turkey with a maximum 10 billion cubic meters of natural gas a year under a 25-year deal signed in 1996.

Akbarpour said exports of additional gas are not possible under the existing contract and the two countries have to sign a new deal for any increase.

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