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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

Bullboard Posts
Post by happygal17on May 16, 2013 11:03am
216 Views
Post# 21403078

Depressing

Depressing

 

3 years ago their mission statement was to be a billion dollar company in 5-7 years.

Wow. We were trading above 9.00 for a while then........................... Now look.

 

They were also going to be in the Mediterranean Basin, Central Europe, and Middle East and North Africa ("MENA") region. ............................................ Not yet.

 

In this report..............

Share-based compensation expense for the three months ended March 31, 2013 was $357,000 compared to $372,000 for the same period in 2012.

This is in addition to their generous wages and other compensation........

Well deserved?????

 

 

Canada     Total Income was $ 240,000 for Mar 31 2013 but had a loss of  1,558,000.00

                 Total Income was $ 378,000 for Mar 31 2012 but had a loss of  3,006,000.00

This was just for Canada. Give the Canadian assets away and we would of had a profit of 740,000.00 for this quarter.

Canadian assets account for only 5% of revenues, yet account for more than 1.5 million  loss in this quarter alone.

 

We have had a rollback of 10 for 1

Another rollback in the future to finance future expenditures..????????????

 

Drove production down from 1856 BOE as of Dec 31 2011 to a low this quarter of 851 BOE.

 

We may get delisted from the TSE next.......

 

God help us if Turkey gets involved in Syria crisis.

 

This is depressing.....

Bullboard Posts