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 > 20% Exploration Success of Nong Yao by New Technology

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Comment by Hannamukon Dec 11, 2022 12:02pm

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Post# 35164684

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

SMlachake wrote: Exactly Hannamuk. The data driving this kind of decision making is lacking from the reserve estimates we currently have and will be reflect in the Netherlands and Sewells report imo. And it's clear from the beginning that this wells are pre-designed to produce under injection drive. I am wondering if Mubadala had some sort of incentives to keep their estimated reserves low? They knew production was already several times over.. any views on that?

You are right! Mubadala is very cautious with the "probable reserves". But interesting they used the sum 12 million barrels when starting the field!

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