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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 DocPaton Apr 18, 2023 2:23pm
209 Views
Post# 35401190

RE:A good news conference ... Very Positive!

RE:A good news conference ... Very Positive!I agree with you Gring,

No dividend .. Yet. Once they have creasted 50,000 boe/d, (Which I suspect they will do sooner than later) then a dividend. 

Regarding share buy backs, I am a firm No. I experienced that with Africa Oil and it was totally wasted. Further, they are still less than 100,000,000 share which is amazing and very low to its peers and so no need to shrink it more.

I also agree, this day was a sell on news kinda day Auctus is projecting north of $6.00/share and Research has yet to update but was north of $8.00/share. 

My expectation, steady uptick until next catalyst, including significant accretive acquisition(s) and/or announcement of a partner for the Thrace.

All IMHO, all the best to longs,


Doc.




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