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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 is also pursuing organic and inorganic growth in Southeast Asia.


TSX:VLE - Post by User

Comment by firstworldon Apr 05, 2023 10:45pm
134 Views
Post# 35382365

RE:firstworld

RE:firstworld
My 2018 profits were cost .39 sell 4.75 - 5.15 on 100K shares with 175K shares holding until now above cost the entire time.

As of Today my trailing 12 mth return on all holdings is 60.99%

I only trusted Equinor who did their own DD and backed VLE wdith $100M - when they bailed I knew it was finished and that SG and team clearly treated Equinor poorly to compensate for their poor performance or Equinor lost confidence in them or both.

The risk that Muba was closed with a fraction of the $100M+ economic benfits ex[pected is real and highly probably condidering there was no release of this perhaps most material even in VLE's long history of failure.

The fact we were diluted twice weks after "no dilution" promise warrants a class action on its own.  Then the very simple task of connecting the ship with bouey failed. 

Does not look good - like some AB redneck operation - the only upside is we know SG is smart with his PhD and has Asia experience well over a decade ago, wheteher its off shore who knows.

I just mentions the facts but I know Canadians like head in sand thats why everyone on state supports and 50% of females in Canada have been abused one way or another and why Canadians have by far the highest debt loads in the worls with 70% $500 away from homeless.  
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