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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 > 20% Exploration Success of Nong Yao by New Technology
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Comment by Hannamukon Dec 11, 2022 11:45am
173 Views
Post# 35164670

RE:RE:RE:RE:RE:RE:RE:20% Exploration Success of Nong Yao by New Technology

RE:RE:RE:RE:RE:RE:RE:20% Exploration Success of Nong Yao by New Technology
SMlachake wrote: Hannamuk, I stand corrected on the purpose of injection on the one field as its coming directly from the company, but I still expecting to hear more of EoR. Where infills are designed to optimize field dynamics. Lets see what a modern reserves report will indicate, and as I keep stating, it's only a personal opinion nothing more.

To invest in a substantial extension is also interesting:

 

New Production Facility
Mobile Production Unit (MOPU) in construction phase
Sail out to location planned for Q4 2023
Drilling to begin once MOPU on location – 9 producer wells
– 3 water injectors
Connection to existing infrastructure via 4 km pipeline
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Dealroom for high-potential pre-IPO opportunities