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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
Post by Millianoon Sep 29, 2019 4:45pm
254 Views
Post# 30175556

THE BEST ZONES ARE NEXT! AND THE STOCK IS ON SALE!!

THE BEST ZONES ARE NEXT! AND THE STOCK IS ON SALE!! Based on the extensive data acquired, the evaluation suggests that the best reservoir was encountered in the shallower sands of the upper Kesan Formation. In particular, two reservoir sweet spots are interpreted over an interval from approximately 3,270 to 3,750 metres, which also exhibit increased natural fracturing. Importantly, these zones can be correlated laterally to offsetting wells, suggesting that Inanli-1 has encountered the same prospective reservoir intervals as previously observed. The lateral continuity of target reservoir intervals will be important in the future for planning potential horizontal development wells. The matrix porosities of the objective sandstones in Inanli-1 gradually decrease with depth along the compaction trend predicted from the Yamalik-1 core and wireline data. However, natural fracturing is more extensive at this location which could enhance the effective porosity and permeability of these fractured sands at depth. The planned fracking and testing programme on Inanli-1 is expected to test the productivity of these and other interpreted reservoirs in the well.
Bullboard Posts