Valeura Energy has announced the mobilization of a Mobile Offshore Production Unit destined for its Nong Yao field while also providing a development drilling update at the Wassana field. Both fields are located offshore Thailand.
The company is currently executing a development drilling program on its Wassana field and in light of favorable initial results, has opted to expand the scope of the program from three horizontal wells to five. All three wells drilled so far have encountered their targets in line with expectations.
Valeura Energy Inc (TSX:VLE) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play.
