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Valeura Energy Inc. T.VLE

Alternate Symbol(s):  VLERF

Energy Oil & Gas E&P
Valeura Energy Inc. is a Canada-based upstream oil and gas company engaged in the production, development, and exploration of petroleum and natural gas in the Gulf of Thailand and onshore Turkey. It is also pursuing inorganic growth in Southeast Asia. It 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), 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 3,200 barrels per day (bbls/d) of medium-weight sweet crude oil. It also has an operating interest in 0.407 million gross acres of prospective rights in the Thrace basin of northwest Turkey. It holds interests ranging from 63% through 100% in various leases and licenses in the Thrace basin.


TSX:VLE - Post by User

Valeura Energy Inc.
Bullboard Posts
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(4)
•••
Comment by dowdon Aug 21, 2017 5:16am
122 Views
Post# 26602087

RE:RE:RE:RE:RE:RE:RE:RE:RE:Financing coming

RE:RE:RE:RE:RE:RE:RE:RE:RE:Financing comingI believe that the problem with the stock is that potential investors have no way to even guestimate the value of the deep gas. It is just too early to even try.

Didn't they say that by the end of the year that the reserve engineers will calculate potential "resources"?

Once the market has that number then it can try to place a value on the stock. We may have to wait until then for the testing and reserves report to change the stock.

will there be 1 or 2 or 15 or more TCF of resources? And will the gas flow and flow economically? Then a value range can be calculated. Can't do it now without this info. 

Between now and then will be tax selling so best to just put this stock away and not think about it until January.
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