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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 JB3729on Jul 30, 2018 9:12am
192 Views
Post# 28384313

RE:Waiting for flow rates

RE:Waiting for flow ratesNo delay so far.

SG stated the below in a 6/27/18 interview. A month has passed since then -

Sean:  The rst one we are obviously going to go back to the Yamalick well and we would expect a month and a half from now, we could be releasing results as to how that's owing.  But again we like to caution that rst well in Yamalick that we drilled was drilled as an exploration well.  The fracking that we did was very small fracks at the time, just to see if we could actually recover the gas.  We really hadn't expected the rates that we got and that's why we had to stop testing at the time and get the right equipment out there.  So we fracked maybe less than half of the net pay in the well and then we had that aggregate ow rate, so once you get doing this in more of a production mode, we do see potential to get much higher rates there.

https://files.constantcontact.com/f5fd2524701/19f1abc7-6ff0-46ef-9341-45f7c7bd7d37.pdf
Bullboard Posts