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Valeura Energy Inc. T.VLE

Alternate Symbol(s):  VLERF

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

Bullboard Posts
Post by familyofficeguron Feb 26, 2018 4:58pm
204 Views
Post# 27623926

Turkey political risks

Turkey political risksI know everyone loves this stock and thinks it is going to 20 ASAP. But have you considered A) ramping actual large scale production is risky and expensive and B) operating in Turkey is fraught with risks, despite what you may have been told. 

This hardly seems like a place I would consider investing my capital: https://twitter.com/abdbozkurt/status/967444991177035776

But obviously if you got in on the cheap you've made a killing, and I say congrats. But a billion + valuation given the risks involved and the lack of diversification seems like a stretch. Someone prove me wrong. Your thesis can't be that someone will buy them for $15+. That should never be your thesis. 


Bullboard Posts