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. > VLE as a Platform?

<< Previous

Bullboard Posts

Next >>

Post by energeeon Jan 29, 2021 8:40pm

212 Views

Post# 32426855

VLE as a Platform?

VLE should have a bullseye on their back. Raising capital is still a challenge for the sector and they have good cash in the bank. Closing the announced asset sale should be the top priority.

An M&A deal should be on their radar. Most management teams tend to wear job preservers to stay involved, so we'll see if they step up and do an accretive deal or step out.

<< Previous

Bullboard Posts

Next >>

Nine Mile Metals completes acquisition of 3 properties