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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 Lurker11on Aug 25, 2016 10:10am
132 Views
Post# 25175565

Trend and near term news

Trend and near term newsSlow steady climb up overall with a few sharp movements in between over the last year. Reached its trend line yesterday so should move sideways and/or up until the next news release which is expected by the end of September. I suspect shortly after the approval from the Turkish O&G regulator a subsequent anouncement regarding an increase in WI ownership on the JV lands. So two potential good news stories back to back should give a double bump then of course followed with a little normal profit taking. I agree with previous speculation that with this news and possible notice of another drill that we should easily be in the 1.50 to 2.00 range by year end. A little patients needed while Jim and crew increase company value....
Bullboard Posts