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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 jake1444on Nov 17, 2019 1:39pm
170 Views
Post# 30361888

RE:How do the logistics of the 3 stage frack work?

RE:How do the logistics of the 3 stage frack work?I am new here. Stumbled across VLE on a stockwatch bulletin. What caught my eye was the great prices for gas that they get in Turkey. If they hit some decent gas flow and the country is stable, some good growth could happen. As far as the frac and testing, I can offer some answers. They will run a perf gun to the bottom of the hole using wireline. Then frac that interval. Then likely run a frac plug and isolate the deepest interval. Then repeat that same procedure on the next two intervals. When they are ready to flow the well, they drill out the plugs and flow the well briefly to a P-tank to help clean up debris. Initially there may be a fair bit of sand to clean up but a sand screen catches most of that. They test each interval separately so they will run their production string and use packers to isolate each zone. Then they can flow a chosen interval to the test equipment. They flow to a three phase separator and separate the gas from water and condensate. Each is metered and samples can be taken and sent away for analysis. As Viking said, a surface choke is used to regulate flow. A flare will be present but if they have a pipeline to the well site, they will meter the gas and send it down the pipeline for sales. Unless the gas flow is too large initially for the size of the pipeline and they may briefly send it to flare. I would doubt they would do this for long as gas is worth a heck of a lot more than here in Alberta. Gas here is flared routinely as it is not worth much. As far as pressures, they will be aware of the downhole pressure from the drilling operation. Once a wellhead is installed, the well head pressure can be read off a gauge at surface. 

I think I addressed most of your questions. If I haven’t, I would be glad to try to answer any more.

As I am not really familiar to VLE, can the board fill me in on what the company might consider a good well in Turkey. The flow rates I have read about are not very impressive in terms of wells I have seen here in Alberta. Thanks.
Bullboard Posts