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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 RockLobster1on Feb 20, 2019 9:49am
103 Views
Post# 29387496

RE:For real?

RE:For real?i think the last update said around end of Q1, now early April...  so insignificant in terms of the size of this project.   They are doing things carefully and not making mistakes, far more important.  Small delays are common on any project.

We haven't had good reactions in the markets to news in a year... but although this NR wasn't anything amazing, to me it derisks a little each month that everything continues on plan without a major problem or change.  Problems are to be expected, but so far this has been going very well and well managed IMO.

Interesting that Dep will be to 4300m, they are learning as much as they can from each well.

good luck
Bullboard Posts