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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

Comment by DocPaton Nov 04, 2021 7:12pm
141 Views
Post# 34089492

RE:RE:RE:RE:RE:RE:RE:RE:Stay positive..

RE:RE:RE:RE:RE:RE:RE:RE:Stay positive..
Absolutely!!! All the more reason for a junior-major or a group of junior majors to come in and grab the low hanging fruit!! :)

Sean Guest who has his Phd in geology has what seems to be a very good target in the dry gas window structurally deeper. More depth, more pressure so if they are right this thing should come at them like gangbusters!

There is also following the fracturing in the dry gas window that is a reasonable approach as well.

In addition though, I am still very intregued by the liquid rich gas zones. Given some time and wells drilled with the objective of finding production rather than for scientific understanding of the field (Which was a very important and valuable endevour) there is a reasonable chance that by followingt the frqacturing, or some technological wizardry they can unlock this too which takes this whole thing to a new level and even Staoil might be playing the sad game of would have could have should have. ;)

All of this is going to take a budget bigger than what VLE has, but the size of the prize is just mough watering :)

All just in my humble opinion of course and not advise in any way. Do your own DD always :)

All the best to longs,

Doc.
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