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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 PoorOpinionon Nov 23, 2018 1:22pm
117 Views
Post# 29014938

RE:RE:100% of water

RE:RE:100% of water
Trake17 wrote: It is a clue that formation water here has relatively low salinity, 13-14000 ppm as seen in Hayrabolu-10. The water from Yam has the same salinity, thus they have produced formation water for weeks now. Some say they had the same salinity also in the initial tests. Nature is Logic!


But that well is shallower, in the mezardere layer, origins for that formation are fresher water (delta I believe). Yam is deeper and the origins of that formation are marine. The logic would be not to simplistically think the two wells are drilled to the same material just because they are geographically close to each other.

The water in Yam should be very saline by Nov 1 if the basic geographic understanding of the formation is correct and if its following the 'usual' progress of a 'wet well'. If there is no formation water the 'usual' progress would be to see a far sharper dropoff in frac water recovery by now. It seems this play is atypical??? Is that correct???

Bullboard Posts