Valeura Energy Inc T.VLE

Alternate Symbol(s): VLERF

Energy Oil & Gas E&P

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.

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Valeura Energy Inc

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Comment by Public_Heelon Mar 11, 2016 5:07pm

70 Views

Post# 24650151

RE:RE:RE:RE:RE:RE:RE:RE:Fracking

They knew for months how deep the well would be, but didn't know they'd have a testable zone at the lower depth. Still, my apologies for introducing the larger/longer confusion, or even for just perpetuating it. Anyway, they may have ordered the larger tubing a long time ago, but were stuck
with a smaller one that happened to be available. Turkey is not North Dakota, when it comes to
the availability of fracking gear.

Murdoch, your belief that deeper always means higher-pressure seems reasonable. However,
that doesn't mean that the next level up will be a failure even if it's lower-pressure, because it's
much bigger.

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