CanAsia Energy Corp V.CEC

Potential Suitor

[nozzpack]

My call is Valeura Energy ..VLE $0.45 ..,.which has $54 million in cash, a large tenement in the Thrace Deeps of Turkey, no debt and looking for its next cash producing asset.

Trading below cash value of $0.63 per share and management have stated they will make their move soon....we figure it will double once the new asset is announced..

[bullhorn3]

nozzpack posts in a number of company's bullboards and VLE is one of them. I was interested in VLE a year ago and they are in even worse condition now than they were then. I'll  bet that they would love to extract themselves from Turkey, but the only similarity between Turkey and Thailand is that they both begin with "T". nozzpack only posts "bad news" on the POE

[nozzpack]

My dear friend , they sold the producing Turkey shallow assets for excellent cash , but still searching for a JV partner for the Deeps. Valeura rode to $7 on the Deeps drilling and there is a significant probability that TPAO will be their partner. If they do, we get to ride the drilling wave to $5 or more. But they need sustaining production ..whence maybe POE. Oil prices are collapsing as an