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 Dave4444on Dec 29, 2017 3:08pm

222 Views

Post# 27247441

RE:RE:RE:Why The Drop

Average declines in US fields are 30 to 40% first year and 70 to 80% after 3 years. Nobody knows what the declines will be in Turkey and anyone who says they do are liars and cheats. In any case based on a standard decline rate with proper fracs and clean up the wells will be paid for in 6 months and massively profitable after that. The 3 year revenue per $8 million dollar well should be at least $35 to $40 million base on a conservative view of the results from the first well.

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