Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Comment by Lurker11on Apr 09, 2016 12:47pm
163 Views
Post# 24748133

RE:The JV Agreement

RE:The JV AgreementHey bxju, I appreciate the time and effort you put into researching ANYTHING that may affect our investment in VLE. HOWEVER, I am not overly concerned (maybe I am wrong) in the TAT/TNP implication on VLE. The reason I say that is because this has been a ineffective JV for a long time if not from the get go so any changes can only be for the better. VLE also has been very smart to diversify development of the business outside the JV with their 100% lands and conservatively maintained a strong debt free balance sheet. I have a little experience with JV agreements and can't see any way that a contract would allow the default of one partner to affect the assets of the other. The assets of both parties are protected by contract. To suggest that a JV partner can put up the assets of the other as collateral doesn't sound right at all. It would be like your small business partner with a gambling problem loosing your part of the business due to gambling debts. Legally I can't see anyway that could happen. The way I see it either TAT/TNP will survive and be a better partner (can't be worse) or they will default and VLE will get a better partner. Possibly even VLE gets to buy a bigger stake in the JV which is a positive also. The delay in announcing the budget is obviously waiting for the Y-1 results but also may be other negotiations related to the JV(s). This is a solid management and I have a lot of confidence that they will continue to navigate through the opportunities and move the company ahead for the for the benefit of the shareholders which includes management. Be an interesting few weeks/months ahead. GLTA
Bullboard Posts