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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 MacDaddyDon Dec 17, 2019 11:56am
151 Views
Post# 30463919

RE:New interview with S. Guest

RE:New interview with S. Guest

It has been frustrating because we have tried to say to people, ‘this is a campaign of testing, this is two wells a long way apart, this is very different rock quality and this is about learning’. What we would have liked to have done was to hide away on our own, acquire all of the tests and come to market with all of the data, to avoid the high volatility in response to each zone. But, unfortunately, it does not work like that, and we want to be transparent to our shareholders anyway.

In a perfect world, but this is the reality.  The tree wasn't shaken on this, it was knocked over in a perfect storm.  Looking forward to seeing what they come up with in the new year...
Bullboard Posts