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. > $200 Million CAD in Cash ?

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Comment by SMlachakeon Apr 13, 2023 12:08pm

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Post# 35393192

RE:$200 Million CAD in Cash ?

They could be even asking 'where is the 500M'
Setting arbitrary goals now that bashing the deal as false or too good to be true is a strategy past due date. The fact of the matter is, if this company comes back with 100m cash in bank, it's a huge reap forward, $1 per share in half year of asset ownership, having started payments for drilling programs and paid for restarting additional flow to the 21,500bpd flowing. Happy to wait, all we know, they could be busy on another deal..

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