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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 bigreturn11on Dec 05, 2019 12:13am
142 Views
Post# 30423612

RE:Day 5 of testing?

RE:Day 5 of testing?0.2 mmcf would be a minor letdown
0.5 mmcf would be good 
0.5 to 1.0 mmcf would be great. 
1.0+ mmcf would be beyond everyone’s expectations. 

I still see $3+ after the next NR (early to mid next week??). 

FOMO kicking in yet???? I see $1.50 by Friday. 

waitingstill wrote: On Nov 29th, VLE stated that the plugs had been drilled out and production tubing was being inserted to begin testing...
"The plugs between the three stimulated zones have been drilled out and production tubing is now being installed in preparation for the comingled flow test."

I am guessing one day for the tubing installation which means testing could have begun on Nov 30, and that today would be the end of day 5 of testing. The company also says the testing would be of similar duration as Ina which was about 10 days. Does that mean a NR is coming Tues morning as Monday will be Day 10 of testing.

Will we beat Dr. Guest's minimum required of 0.2mmcf? Will we beat GS's BSs 0.5mmcf minimum required? Will we beat GS's BSs latest prediction of 1.0mmcf? Exciting time for VLE holders. Looking forward to next week!


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Bullboard Posts