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Valeura Energy Inc T.VLE

Alternate Symbol(s):  VLERF

Energy Oil & Gas E&P
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

Valeura Energy Inc > News Blackout
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Comment by DocPaton Oct 12, 2021 5:57pm
189 Views
Post# 33998980

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:News Blackout

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:News BlackoutThank you for that Hanna,

Could you please site your reference for your assertion that Statoil pulled out of the play due to water issues. Granted, lack of sustained flow due to oil and perhaps water depending on the zone you are looking at remain the hurdle and one has to think that this was in the decision matrix for Statoil .. but pressure from their countrymen to become a green company, that the resource might only be 10 TCF and not 20TCF and therefore not big enough to meet their cutoff as a super major, etc., all would have been a part of the reasons for leaving the play. 

The vast areal extent and immense thickness of the play and that it has tested gas in all wells makes it still a very interesting opportunity.

All IMHO.

All the best to longs,

Doc.
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