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.

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Valeura Energy Inc. > Mitsui’s Bits and Pieces in Gulf of Thailand

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Comment by nozzpackon Jan 30, 2023 8:42am

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Post# 35253564

RE:Mitsui’s Bits and Pieces in Gulf of Thailand

Mon dieu, take note of Palang Sophon and it's bits and pieces ..

The SPV owns 90% of G11/48, which contains the partially developed Nong Yao oil field.

The 10-per-cent partner in the block is Palang Sophon Ltd., which is also Valeura's partner in its G10/48 licence, acquired earlier this year.

Absolutely perfect , as any NewCo could be efficiently managed by existing management while using Valeura infrastructure.

Looks like maybe 1500 bod of Brent which would net NewCo about $50 million cad in annual revenues and about $25+ million in robust cash flows which could be used to entice ?........well, you get the picture

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