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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
Comment by Chattycon Mar 11, 2016 10:28am
68 Views
Post# 24647785

RE:Fracking

RE:Fracking
waitingstill......from what I understand, the Yayli-1 well is a Conventional vertical gas well (drilled straight down to TD and stopped) and not to be confused with a Horizontal well (drilled straight down to target shale in Yayli-1s case then turned at 90 degrees and continued in a horizontal direction for up to thousands of feet).............The Yayli-1 well was perforated with an explosive charge in a small 13 meter section of the shale sands net pay zone to test for pressures gas etc etc at the bottom of the well, with future fracs to be carried out in the pay zone above this area. The fluids, sand and chemicals were sent into the shale to stimulate it, and the loaded fluids when they came back out the perforation being pushed by the natural gas pressures, pushed same up the well hoping that they would be strong enough to reach the end of the short coil so it could be pumped out of the well. This small section apparently did not have enough power to force the fluids high enough in the well to be pumped out at any meaningful measure, so they stopped the exercise when this happened. It was what they had in the country and what they had at hand, thought it was worth the try and they gave it a shot I am thinking, and since, have now sent for the longer coil to get the job done. Next fracture they make will be in a much larger area of pay zone and with more pressure from that larger zone and with the coil going right down to the fractured area, it should be very successful as they did prove the gas is there with some nice condensate very fine oil. So the goods are there it seems... now the waiting continues..........a positive result on this next test and then VLE will want to drill the big and the deep horizontal well into the shale.........so keep in mind this first fracking was in a vertical well, and would be a small event compared to the many fracs that would occur in a horizontal well have a look here and this may clear up what you are asking about............................................ https://www.geomore.com/completing-the-well/
Bullboard Posts