Valeura Energy Inc. T.VLE

Sold all

[Doubleneed]

Made a good profit. The reason I sold :

Values are presented on an after tax basis and assume tax loss carry-forwards associated with ownership of the Wassana field are applied only to taxes relating to that asset, resulting in no taxes payable for the Wassana field. The remaining assets are assumed by NSAI to carry their full statutory tax burden.

So they will pay 50% taxes on the Mumbala acq. Taxes loss only aplicable to Wassana.

[Chincy1]

they 'assume' because they havent re structured - you need to do better DD. JMHO.

[savyinvestor333]

  Yes I agree they need to reorg the assets so they are under one identity. to capture the benefits. I've seen it done with a company I worked for in another industry.

[Doubleneed]

You may be right, may by we get some clarity in the CC, we will see.

[firstworld]

They've had 14 mths to figure it out and restructure  - clearly, once again, they had no plan since it takes another 9-12 mths to figure it out

[goldwatch69]

The company has indicated that the tax losses can applied with all the assets structured under one entity.  On top of this, guidance is based on current situation. This company is poised for growth with acquisitions and expanding their current assets. Do you thing they will be drilling all their oilfields for nothing?  Auctus just raised their target and Research Capital will likely

[Doubleneed]

Bouhght back some, tax loss can caried after all.