Valeura Energy Inc. T.VLE

Alternate Symbol(s): VLERF

Energy Oil & Gas E&P

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

Valeura Energy Inc. > VLE as a Platform?

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Comment by firstworldon Jan 30, 2021 12:00pm

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Post# 32428323

RE:VLE as a Platform?

There seems to be an issue with the closing considering Husky, a majority Chinese owned business, closed a multi BN deal in 3 mths LOL.

energee wrote: 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.

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