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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
Comment by Lurker11on Jul 09, 2016 1:26pm
168 Views
Post# 25038232

RE:RE:RE:RE:??

RE:RE:RE:RE:??As shareholders we are waiting on the edge of our seats for every bit of news hoping that all the news will be good and if we don't get it when expected assume it is bad. By not getting news regarding Yayli-1 at the end of June I think we can assume it isn't extra ordinary that would warrant a specific news release. Could the news be good, as expected, less than expected, or even bad.....yes. I own shares because I believe in the management, assets and economic potential of the company but recognize that there may be setbacks along the way (particularly with a small E&P developing a new area). I understand and do not want management spending their time writing news releases about every routine step along the way. The next significant non-routine news release will be the signing of the definitive agreement with Statoil by the end of July so I am fine with management lumping all the routine stuff (Yayli-1 production, drilling and completion schedule and update) good or bad with that news release. GLTA
Bullboard Posts