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Valeura Energy Inc. T.VLE

Alternate Symbol(s):  VLERF

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

Comment by bullhorn3on Mar 24, 2024 12:26pm
127 Views
Post# 35949560

RE:the key is the income tax payable each year.

RE:the key is the income tax payable each year. Are you firstworld without the spelling/grammar problem? Using your theory, VLE could never reach where they are today, so something is broken in your logic. Also, the 2 large shareholders, who may possibly know more about the situation than guys in Canada, are committing more money as they buy shares... incomprehensible with your logic. Also, the reservoir seems to have a life of its own, giving and giving and giving again... so the calculations of reserve life must be faulty. On Tues, we will hear more and if they are closing operations as you suggest, it will then become apparent that your pessimism is grounded in reality. If the SP rises on Tues due to good news, I guess you will have missed an opportunity... too bad.

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