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Valeura Energy Inc. T.VLE

Alternate Symbol(s):  VLERF

Energy Oil & Gas E&P
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

Valeura Energy Inc.
Bullboard Posts
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Post by RockLobster1on Feb 04, 2020 4:30am
207 Views
Post# 30637872

News is out...

News is out...
Not surprising given the price action... didn't work out like we hoped but we are actually way ahead in both knowledge of the geology and on the balance sheet. 

I will guess that we open lower and then close higher on the day//week.  This news has been totally baked into the price already IMO but some will just want out of a painful result.... we'll see...

Does anyone know the details of whether this means Equinor loses all rights and VLE is back to 100%, free to negotiate with anyone once the exit is complete?  I assume so but I dont know.
Bullboard Posts
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