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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

Post by energeeon Mar 31, 2023 8:09pm
416 Views
Post# 35373097

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Basically a report that closes out the Q4 of 2022.  Good info on the Wassana reserves (did not know they were heavy - missed that) and the task there is to convert proven non-producing reserves into proven producing reserve category, (eg. turn the existing wells on and drill the 5 infill wells).  Great move. A delay for production with the buoy issue - resumption but "ship" happens.  One would think the ship owner has liability.

They are safely operating like they should be as the "largest independent oil producer in Thailand".

Congrats on the deals and look forward to hearing how much cash is in the sub VEA. More releases to come for sure.
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