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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

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Post by Sil.Don Sep 14, 2016 4:57am
109 Views
Post# 25234834

list of Transatlantic & JV property in thrace

list of Transatlantic & JV property in thraceanybody know who is in on JV on lease 4288 - it is looking like where deep well is

Adatepe (Production Lease 4959 and License 5016). We own a 50% working interest in Production Lease 4959 and License 5016, which cover approximately 3,086 gross acres and 117,000 gross acres, respectively. As of December 31, 2015, we had six gross (three net) producing wells on the Adatepe Production Lease. We are the operator of Production Lease 4959 and License 5016. The current terms of Production Lease 4959 and License 5016 expire in September 2031 and January 2016, respectively.  We are evaluating extension options for License 5016, and Production Lease 4959 has extensions available under the petroleum law.

Alpullu (Production Lease 4794) and Temrez (Licenses F17B3, F18A3, F18A4, and F18B4). We own a 100% working interest in the Alpullu Production Lease and the Temrez Licenses, which cover approximately 3,158 acres and 134,296 acres, respectively. As of December 31, 2015, we had nine gross (8.8 net) producing wells on the Alpullu Production Lease. We plan to maintain production to satisfy our obligation on the Alpullu Production Lease. We are the operator of the Alpullu Production Lease and the Temrez License, which expire in September 2028 and July 2020, respectively, with extensions available under the petroleum law.

Atakoy (Production Lease 5122). We own a 41.5% working interest, subject to a 0.415% overriding royalty interest, in Production Lease 5122, which covers approximately 440 gross acres. As of December 31, 2015, we had 14 gross (5.8 net) producing wells on the Atakoy production lease. We plan to maintain production to satisfy our obligation on Production Lease 5122. We are the operator of Production Lease 5122, which expires in November 2032, with extensions available under the old and new petroleum laws.

Banarli (Production Lease 5059). We own a 50% working interest in Production Lease 5059, which covers approximately 4,608 gross acres. As of December 31, 2015, we had one gross (0.5 net) producing well on the Banarli Production Lease. We plan to maintain production to satisfy our obligation on Production Lease 5059. We are the operator of Production Lease 5059, which expires in February 2032, with extensions available under the petroleum law.

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Bekirler (License 4126). We own a 41.5% working interest, subject to a 0.415% overriding royalty interest, in License 4126, which covers approximately 124,000 gross acres. We are the operator of License 4126, which expired in December 2015, but we have filed an application to convert the productive areas into a new production lease.

Dogu Adatepe (Production Lease F19-b4-1). We own a 50% working interest in the Dogu Adatepe Production Lease, which covers part of our former Cayirdere license. The lease covers approximately 4,000 gross acres and expires in October 2017, with an additional 28 years of extensions under the new petroleum law available with the maintenance of production on the production lease.

Edirne Production Leases and Habiller Production Lease. We own a 55% working interest in three Edirne Production Leases and a 100% working interest in the Habiller Production Lease, which cover an aggregate of approximately 65,000 gross acres. As of December 31, 2015, we had 20 gross (14.7 net) producing wells on the Edirne and Habiller Production Leases. We are the operator of the Edirne Production Leases and the Habiller Production Lease which expire in 2034 and March 2020, respectively, with extensions available under the petroleum law.

Gocerler (Production Lease 4200 and License 4288). We own a 50% working interest in Production Lease 4200 and License 4288, which cover approximately 3,363 gross acres and 119,000 gross acres, respectively. As of December 31, 2015, we had seven gross (3.5 net) producing wells on the Gocerler Production Lease and 13 gross (6.4 net) producing wells on License 4288. We plan to drill one well in 2016 on License 4288 to satisfy the work program for License 4288 and we plan to maintain production to satisfy our obligations on Production Lease 4200. We are the operator of Production Lease 4200 and License 4288, which expire in May 2023 and August 2017, respectively, with extensions available under the petroleum law.

Hayrabolu (Production Lease 2926). We own a 41.5% working interest, subject to a 0.415% overriding royalty interest, in Production Lease 2926, which covers approximately 12,400 gross acres. As of December 31, 2015, we had 16 gross (6.6 net) producing wells on the Hayrabolu Production Lease. We plan to maintain production which satisfies our obligation on Production Lease 2926. We are the operator of Production Lease 2926, which expires in February 2020, with one ten-year extension available under the old and new petroleum laws.

Karaevli (Production Lease). We own a 41.5% working interest, subject to a 0.415% overriding royalty interest, in the Karaevli Production Lease, which covers approximately 8,500 gross acres. As of December 31, 2015, we had seven gross (2.9 net) producing wells on the Karaevli lease. We are the operator of the Karaevli Production Lease.  The Karaevli Production Lease expires in November 2020, with extensions available under the petroleum law.  We have submitted an application for another Karaevli Production Lease covering approximately 15,800 gross acres, which is pending.

Karanfiltepe (Licenses F17c-2,3 and F18d-1,2,4). We own a 41.5% working interest, subject to a 0.415% overriding royalty interest, in the Karanfiltepe licenses, which cover approximately 160,000 gross acres. As of December 31, 2015, we had five gross (2.1 net) producing wells on the Karanfiltepe licenses. We are the operator of the Karanfiltepe licenses, which expire in June 2020, with extensions available under the petroleum law.

Osmanli Production Leases. We own 41.5%, subject to a 0.415% overriding royalty interest, in six Osmanli Production Leases, which cover approximately 107,000 gross acres. As of December 31, 2015, we had 114 gross (47.3 net) producing wells on the Osmanli Production Leases.  We are the operator of the Osmanli Production Leases, which will not expire for 40 years if production is maintained.

Tekirdag (Production Lease 3860) and Gazioglu (Production Lease 3861). We own a 41.5% working interest, subject to a 0.415% overriding royalty interest, in Production Leases 3860 and 3861, which cover an aggregate of approximately 4,300 gross acres. As of December 31, 2015, we had 67 gross (28.2 net) producing wells on the Tekirdag and Gazioglu Production Leases. We plan to maintain production to satisfy our obligation on Production Leases 3860 and 3861. We are the operator of Production Leases 3860 and 3861, which expire in December 2023 and December 2021, respectively, with extensions available under the petroleum law.

 
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