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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 nickgeoon Nov 15, 2018 3:05pm
112 Views
Post# 28982029

RE:RE:RE:RE:So you're saying that "no down-dip" is good?

RE:RE:RE:RE:So you're saying that "no down-dip" is good?Hi, If a ddw contact is determined to be present, then one would reconsider the geologic model. How much gas is present is difficult to assess whether it is a BCGA or not. Reservoir engineers estimate this from all available evidence. But each new well provides important ground, or better, underground, truth for the model. Note that estimates have already been made by the outside, independent firm that Valeura employed for that task. Thus, the various TCF projections. Those projections likely will change with each additional well, and the confidence in those projection typically will increase (remember that 50% chance mumbo-jumbo?).
Bullboard Posts