Bullboard - Stock Discussion Forum 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... see more

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TSX:VLE - Post Discussion

Valeura Energy Inc > When Sean headed Bukit in Jakarta

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Post by Hannamuk on Dec 17, 2022 11:10am

When Sean headed Bukit in Jakarta

I got to know him in 2016 in their data room. Company ended on a sad note unfortunately, geology can be "evil"

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Comment by SMlachake on Dec 17, 2022 11:45am

Evil? So can be the sun and oxygen!

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Comment by Hannamuk on Dec 17, 2022 12:54pm

Bukit was into unconventionals in Jambi Merang. Sean is a good guy but here exploration geology was not successful. In Thailand it's less risk with tail production strategy

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Comment by SMlachake on Dec 17, 2022 1:10pm

Don't use good guys smokescreen to go ahead a bash. Do you by any means have industrial numbers on exploration success rate? We are talking of a field that has a huge potential and at appraisal stage. You want a quick dollar and since it did not come yesterday, SG has failed at Thrace? I don't care if he is good or not. I care for SP value addition. Last time I checked, he is on a path to ...more

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Comment by Hannamuk on Dec 17, 2022 1:31pm

As posted earlier, Equinor explained their updated model for Thrace to us consulting in the area. 15 wells drilled, 5 wells fracked and flowed. Low porosity and high water saturation in all wells. As you remember Valeura thought this was a BCGA, not the case! Source rock is very lean with TOC of 0.75. Gas mainly in fractures etc etc Your privilege to favor another model. I like Thailand better ...more

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Comment by SMlachake on Dec 17, 2022 7:19pm

I guess your second hand information is what we should go by and not what is being marketed in Europe. I wonder what the song would be if SG and team had not delivered Thailand, I wonder what the song would be if they deliver a partner in Thrace. What I can't get is how difficult for you guys to comprehend that a company can run more than 2 fields at the same time. At this rate of anxiety ...more

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