Valeura Energy Inc. T.VLE

Alternate Symbol(s): VLERF

Energy Oil & Gas E&P

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

Valeura Energy Inc.

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Comment by Lurker11on Aug 02, 2016 12:44pm

129 Views

Post# 25102881

RE:RE:RE:Statoil

Yes I agree Sil.D, in the last news release Jim carefully used the words "target date" when refering to July 29th date for the definitive agreement. The binding letter of intent has now expired but the words "target date" is giving the deal and the need for a news release some flexibility on timing. If the deal was killed they would have to release that news so in my mind it is still in play - just delayed either wrangling over wording or to see how the coup aftermath shapes out.

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