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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

Comment by Suppe11on Nov 19, 2023 5:18pm
152 Views
Post# 35743480

RE:RE:RE:RE:RE:RE:RE:Wassana

RE:RE:RE:RE:RE:RE:RE:Wassana
goldwatch69 wrote: One of us is right. We will see what the next 3 quarters bring and the next operational update.  

21000 to 22000 bopd as soon as Wassana is back on in Q4

27000 bopd once Yong Nao is extended and Wassana original target achieved Q1-Q2

30000+ bopd once Wassana has more wells added in the newly discovered zone likely in Q2 is my guess.

We shall see if I'm right.

Another deal like Mubadala with a little cash laying around and production doubles.




I would be happy with any bbl above 20k bpd for Q4, but I fear, we will come in below....Wassana is already late to the show here.

For Q1 I expect for sure >20k, but not much contribution from Nong Yao expansion, it's more a Q2 booster and they'll have a lot of work to do there.

From then on, pretty much all bets are off, but my bet is, that they can't push it over 25k with just one rig. Further...you have to keep in mind, that they're pretty successful with their development wells...the historical odds for a drill success there are high, but a dud is always possible, which would rain into the bpd parade.

Your calculations are not impossible, but they're impossible with one rig, Imho.
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