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Valeura Energy Inc. T.VLE

Alternate Symbol(s):  VLERF

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

Post by nozzpackon Jan 29, 2023 7:39pm
412 Views
Post# 35253142

Consolidation Opportunitues

Consolidation OpportunituesTwo requirements.
Closure of the Mubby deal and a share price at or above $5.

What we have seen over the last two years have been progressive  consolidation opportunities in the Gulf of Thailand that have not yet run their full course.

This is also the case in Malaysia.

So there are still many opportunities for equity consolidation and other forms of M &A remaining in the Gulf of Thailand and broader SE Asia Region.
 
But first administrative closure of Mubby #1 which will accelerate the  operational consolidation with Wassy

That should easily move us through the $5 level.

At $5 share price, just a 20 m equity raise gets us $100 million in additiinal cash.
That opens up many avenues.

Lets not forget .
We have seen Turkey hitch us all the way up to the stratosphere .
Betcha there isn't a single shareholder who would not love to see our Turkey fly again..
 
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