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.

TSX:VLE - Post by User

Valeura Energy Inc > 3 Weeks NO news on Wassana restart

<< Previous

Bullboard Posts

Next >>

Comment by cyber37on Jul 16, 2024 2:14pm

118 Views

Post# 36135213

RE:RE:RE:3 Weeks NO news on Wassana restart

So, 5k of production is shut-in in Wassana (lost, because technically that can only be recovered at the end of reservoir life) but as an optimist I see that Nong Yao A is up about 4k & there is still more to come from that field….nice.

Now, there is this crack in Wassana MOPU leg that stands on three & can’t not get by with just two legs; that must be sorted out soon. Yes it may be superficial according to some ‘experts’ but it could be $20 million fix too. At the end I’m an optimist but still wish I sold my VLE at $6 so I can buy more now.
G37

<< Previous

Bullboard Posts

Next >>

How to trade on the stock market: A beginner’s guide