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.

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 is also pursuing organic and inorganic growth in Southeast Asia.


TSX:VLE - Post by User

Bullboard Posts
Comment by stiffupperlipon Jul 18, 2017 9:21am
107 Views
Post# 26480294

RE:RE:RE:RE:RE:RE:RE:RE:RE:Jim

RE:RE:RE:RE:RE:RE:RE:RE:RE:JimHig - you bring up some good points. We were led to believe there would be an announcement on this well pretty much right now. But instead we received an announcment saying that this has turned into a 'science project' .... it is no wonder investors are staying away from the story.

It is a strange way to communicated. Usually, once you reach TD there is a summary of the results received to date (guarded usually with caveates but at least some insight into what was found). STO's drivers and VLE's drivers are diametrically opposite. STO can study and analyze till 'the cows come home' but VLE's is a micro-cap company - essentially a 'one well wonder' who needs results and needs to better communicate what has been discovered to date. There is room to speculate that there maybe material issues here which have not been disclosed - not saying there is but I have never heard of oa company reaching TD and then saying they turned this into a 'science project'.
Bullboard Posts