Valeura Energy Inc.: Three Oil Discoveries in the Gulf of Thailand
SINGAPORE, April 15, 2024 (GLOBE NEWSWIRE) -- Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) ("Valeura" or the "Company"), the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Türkiye, is pleased to announce three oil discoveries on its assets in the offshore Gulf of Thailand.
- SINGAPORE, April 15, 2024 (GLOBE NEWSWIRE) -- Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) ("Valeura" or the "Company"), the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Türkiye, is pleased to announce three oil discoveries on its assets in the offshore Gulf of Thailand.
- "I am pleased to announce that our exploration drilling campaign has resulted in three new oil discoveries, one in the Nong Yao D area, and two in the north-east portion of the Wassana concession.
- The well was drilled to 12,388 feet MD (5,782 feet TVD) and discovered approximately 40 feet of new oil pay.
- The Company is targeting first oil from Nong Yao C in early Q3 2024.