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 is also pursuing organic and inorganic growth in Southeast Asia.

TSX:VLE - Post by User

Valeura Energy Inc.

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Comment by stiffupperlipon Sep 26, 2017 9:07am

121 Views

Post# 26741415

RE:RE:RE:2 for 1 answer

Mr. Smuck
Been reading these posts for several months. The fact the stock maintains itself at 50 cents is a testament to McFarland ... it should be trading much much lower.
The shallow stuff did not work out so cash flow is going south (and fast as this company has high G&A).
New land requires more $$$ and where is this going to come from? Yes - printing more shares.
Line of credit? Who is smoking that stuff. In Turkey? With meager production? That is irresponsible to even suggest that is possible.
What is left? Yes the one well scientifc wonder!!! Of which it is extremely risky and taking forever to produce a result. Great wells do not need much technology to produce - this marginal stuff is totally dependent on technology ... and we know how that goes.

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