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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 bxjuon Mar 11, 2016 5:53pm
58 Views
Post# 24650271

RE:RE:RE:RE:RE:Fracking

RE:RE:RE:RE:RE:Fracking
Public_Heel wrote:
Murdochjak... your answer doesn't address the issue of the coil tube. Should overpressure have cleared the frack fluid without any tube?  (in which case, why even use a tube?) Should it have cleared the fluid, but only with a tube of the right length? What would one expect with a tube, but one that's quite a bit too short?

fwiw, I'm inclined to agree that the company is obfuscating, and that they're writing off the lowest zone, but those are just hunches....


We beat the heck of this but I think PH is dead on... why say this using the word unit, making it sound like a piece of equipment that I envsioned looked like something you would see at distillery when your fracing team showed up with a copper hose that was not the known length of the well in the rare event you just might need to reach the bottom of the well since it is not the Bakken where you can quickly access every Fracing thing you need in hours not weeks. A larger garder hose is 3/4 of an inch instead of a 1/2 an inch, a longer garden hose is 100 ft instead of 50 ft.  Pretty simple and I am disappointed by this misleading wording from Mgt. But all we can do at this point is sell or say Frac It and wait for the next Fracing news and I hope it is good..  

  • Commenced a multistage Teslimkoy frac program to be carried out and evaluated on a sequential basis working upward from the bottom of the well. A small frac was carried out at 2,865 m to stimulate a relatively thin 13-metre net pay interval as an initial calibration point, which yielded producible gas with small amounts of condensate. However, only 55 per cent of the frack fluids has been recovered to date due to equipment limitations in unloading fluid from the well, which could be limiting gas flow rates. Therefore, further frac operations are on hold until late March when a larger coiled tubing unit is expected to be available to facilitate faster and more complete frac fluid recovery. A more comprehensive operational update will follow once the fracking and testing program is completed;
  • The final estimated total cost to drill, frac, complete, test and tie in the Yayli-1 well is $4.5-million to $5.0-million, depending on the final extent of the frac operations

Bullboard Posts