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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 Carbonbullon Aug 13, 2024 11:20am
134 Views
Post# 36176568

RE:RE:RE:New production guiding

RE:RE:RE:New production guiding I am willing to take the risk that they will outperform guidence by at least 3k barrels , not that it matters the metrics on this play the best in small cap oilland. Eventually it will attract institutional support or be taken out by a strategic. 

The one thing that i would like clarity on is the reserve replacement ratio , perhaps Sean would be kind enough to include it in future releases , to have the guidence where it is implies as you stated that the ratio is less then 1 , ie we are declining at 8k to 9k a year...seems very steep for offshore wells even in the mature phase.
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