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 > Consolidation Opportunitues

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Comment by Hannamukon Jan 30, 2023 3:47pm

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Post# 35254739

RE:RE:RE:RE:RE:RE:Consolidation Opportunitues

They are drilling horizontals with water injection as the normal now

cyber37 wrote: It will take at least that long…..5 to 6 months to sort out this deal & get a clear picture what VLE bought. I only hope that there are no ‘skeletons in the closet’ emerging there. I also hope since this is a mature property that VLE will have a chance to implement some new technologies like polymer flooding (chemical), re-completions using new methods/high volume pumps or re-drilling of old wells based on updated 3D seismic. Not sure if re-drilling with horizontal wellbores is feasible there but this is something that works well for depleted conventional reservoirs. I'm keeping my share to see what will happen with that.
As for gas hub in Turkey (interesting post by bfw) it is just a political play by criminals from russia to safeguard EU dependency on russian gas supply. Neither russia or Turkey has the capital to pull this off so it will never happen. Even if it did, VLE would benefit from it big time.
G37