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 > Dividend

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Comment by DocPaton Sep 21, 2023 2:48pm

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Post# 35647918

RE:RE:RE:RE:RE:RE:RE:Dividend

Yes, I understand the fiscally prudent thoughts around farming the Thrace out for a royalty, but to me if the Thrace gas is there, and we left it on the table .. what a shame.

Was watching an interesting presentation on the new Fishbone method of drilling unconventional oil plays. In the presentation they said that using this method can double the IP30 rates with only a 10% (I think?) increase in the cost of drilling unconventional oil plays.

I know we would still have to get much better rates if and/or when we drill the new test well in Turkey, but if this Fishbone method worked for gas as well .. Maybe, just maybe the Thrace could get exciting again. All IMHO, DYODD

All the best to longs,

Doc.

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