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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 Feb 17, 2024 6:56am
310 Views
Post# 35885610

RE:January and February Production

RE:January and February Production I can tell you my projection: I guess the exit was a bit higher than 20k. Wassana added so far 2k =22k. With the Nong Yao I'll take a conversative position 3k + 2k further Wassana = 27k, BUT no drilling on the other fields and last year, they were only able to arrest the decline with one rig (maybe a little  growth, if you virtually add the 2 exploration wells as developers).

If the new Wassana + Nong Yao wells have roughly the same decline rates and they don't have a miracle rig now...I guess the overall ballpark is 23-24k, which would be roughly inline with the guidance.
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