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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 bigreturn11on Dec 08, 2017 9:25am
180 Views
Post# 27116174

Thanks fake viking

Thanks fake vikingRegarding the waxing.  If you are truly in the know this is actually fabulous news after thinking about it.  Waxing normally occurs when you pull on the formation too hard  The flare settling relatively lower after waxing would suggest that the well has much more to offer if they flow differently next time.  Engineers and chemists can easily remove wax and control it next time. The engineers now know not to flow the well in "ludicrous mode" next time. In my field experience, wells that wax up most frequently are the crazy pressured ones that we flow like mad during cleanup or to see what they can do wide open. 

I have a suspicion that this well was flowed in "ludicrous mode" during cleanup.  Care to comment on that Viking? I have flowed the largest and deepest formation in the world, my friend.  My god we even waxed up at 70mmcf once.....boy what a problem.

Any other "intel" for us that we can use to our advantage?
 
Bullboard Posts