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.

Bullboard Posts

Comment by Lurker11on Dec 23, 2017 1:57pm

148 Views

Post# 27222062

RE:RE:RE:RE:RE:RE:RE:RE:RE:VLE is play

You could be right and I agree that should anyone take a run at them based on the first well results and the resourse estimate (and other available data) that there would be a reduced value based on the uncertainty of contingent resources vs. reserves but it comes down to the offer and how long VLE wants to continue to play. More likely if VLE is confidnet in what they have they will play until at least the second well.

Bullboard Posts

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