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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
Comment by Sj40mfon Dec 17, 2019 10:47pm
122 Views
Post# 30466771

RE:RE:RE:RE:Enter Turkish Petroleum ?

RE:RE:RE:RE:Enter Turkish Petroleum ?I dont think any of the other players are interested in TP as a partner if they can help it. Just for the simple fact that TP likely could care less if thrace is profitable. I would believe their low end development threshold would be along the lines of just breaking even. The economic development and reduction of imports aligns well with the government. 

VLE, EQ, TNP and PTI arent interested in deploying capital  for breaking even. I do believe if EQ walked away soon, vle would bring on TP as a JV of some sort (maybe even combine all the licenses). The one big benefit there would be for extending licenses with the GDPA.

I'm also not sure TP has the expertise for tight gas/unconventional. They did one or 2 wells with Shell in the Dadas shale, in SE turkery
Bullboard Posts