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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 bigreturn11on Dec 31, 2017 11:03am
132 Views
Post# 27254172

RE:RE:RE:RE:Ignore the senseless chatter...it’s done.

RE:RE:RE:RE:Ignore the senseless chatter...it’s done. False Trake/Viking - the commingled test will not make or break the program for STO. If this test was carried out on the top 5 wells next year after production through a 5.5 inch casing on s vertical well was verified to be a an effective production method, then yes maybe. If STO changed the plan based the results of a commingled test on the first vertical exploration well, the shareholders of STO should be concerned. This is a horrible point Trake/Viking. Any super major would love to be in STOs shoes here. Didn’t Cormark say anything greater than 0.5mncf (with no condensate) would be considered a success back at the $2.75 target price?

Who are the ideal voices of reason here:
  1. The Cormark analyst with 20 years of experience. It sure seems like Mr. Ursu and his team knows the business and VLE very well. 
  2. Maybe the expert blogger with an M.Sc and a couple decades of experience. Mr Shaw has covered this story from the start and has done very well at predicting the next steps.
  3. The paid basher with an agenda. 
Once again, ignore the senseless noise (not sure why I responded to this unethical fool). 
Bullboard Posts