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. > First Hiccup

<< Previous

Bullboard Posts

Next >>

Comment by goldwatch69on Jan 31, 2023 6:43pm

207 Views

Post# 35258170

RE:First Hiccup

Major? And yet you said a minor glitch would cause a drop to 80 cents. Your delusions are beyond reason.

Why do you think a minor pp will drag down the company? On closing they will have an additional US$7 million bring the total of available cash to fund Wassana and the Mubadala acquisition to US$48 million as per the offering report at Sedar.

Now we will have support at $2.50+ with more investors wanting in. Volumes of a million a day won't last at this price. Seeing a bought deal is very convincing.

<< Previous

Bullboard Posts

Next >>

Tilray Brands seeks US$250M for U.S. cannabis expansion