RE:Mitsui’s Bits and Pieces in Gulf of Thailand Mon dieu, take note of Palang Sophon and it's bits and pieces ..
The SPV owns 90% of G11/48, which contains the partially developed Nong Yao oil field.
The 10-per-cent partner in the block is Palang Sophon Ltd., which is also Valeura's partner in its G10/48 licence, acquired earlier this year.
Absolutely perfect , as any NewCo could be efficiently managed by existing management while using Valeura infrastructure.
Looks like maybe 1500 bod of Brent which would net NewCo about $50 million cad in annual revenues and about $25+ million in robust cash flows which could be used to entice ?........well, you get the picture