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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
Comment by theSwede99on Jan 21, 2018 2:06pm
139 Views
Post# 27403888

RE:RE:RE:RE:RE:Thoughts

RE:RE:RE:RE:RE:ThoughtsIt really is a travesty the way the Canadian government has seemingly turned its back on the energy industry.  The important revenue that could be generated by O&G investment that can potentially be allocated to future programs (ie.sustainable alternatives) is not really a hard sell to the populace, is it???  Meanwhile, the gateway to an Asian market (China increases LNG imports 50% in November) and the ability to access competitive contracts (Energy East)....the list goes on, has the country years behind on the infrastructure build out.  The world wants fossils fuels, for now and the foreseeable future, and Canada will miss out as a viable market participant which is very frustrating and closes many immediate opportunities.  

We should make it mandatory that when a project proposal is rejected, a counter proposal should be included in that rejection (like in business) so that the lines of communication and the process towards a viable success is achieved.  Just leaving industry in the ground is defeatest and narrow-sighted....frankly I’m dismayed by the non-progressiveness of seemingly such a large proponent of this country.

Bullboard Posts