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.

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Valeura Energy Inc > Drill baby, drill

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Comment by traderlong2on Oct 14, 2021 7:56am

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Post# 34004254

RE:Drill baby, drill

The primary objective of the Upper Kesan sweetspot can be achieved with the drilling of a vertical appraisal well. Valeura has identified a location at Hanoglu-1 with a TD of 4,470 m.
The secondary objective (target) of the Lower Kesan sweetspot can be achieved by deepening the Hanoglu-1 well or an alternative vertical appraisal location to a depth of 5,000 m.
The latest single appraisal well cost estimate is approximately USD 14 million, which includes drilling to 4,470 m and stimulating and flow testing the objective formation. Valeura ties all wells into its gas infrastructure pre-testing and gas produced during the test is sold to their customers.

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