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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 Hannamukon Dec 04, 2022 4:18pm
137 Views
Post# 35149718

RE:RE:RE:RE:RE:Almost 3 years solo life in Turkey

RE:RE:RE:RE:RE:Almost 3 years solo life in Turkey

Agree with some but this is not exploration. It is an appraisal well and no chance it is dry. It is all about sustainable fllow and decay curve. Four nearby wells are already fracked and test flowed. Yamalik and Devepinar even long term tested


SMlachake wrote: Hannamuk. I agree with you on that but this are exploration targets, its a different animals vs a development asset. So if you read more, they are seeking a company with capacity for this sort of an undertaking. With exploration wells, you are lucky if you get 10% right. This is also tight formation which means it may need a decision to fracture and then money to do so. It is not going to be cheap, it's going to be high risk and then, of one is dry, it should not be the end of the game. Even if they hit, how much us needed to develop this field? If you look at all this factors, the depth of Valeura bank account, you can see why going alone here is the extreme last resort imo. We need deep pockets to go a marathon. This is not a splint. Acquiring and developing Thailand's 2 assets is the right move, it gets funds flow with minimal risk. Imo.

 

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