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Valeura Energy Inc. VLERF


Primary Symbol: T.VLE

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. > New Press Release - Valeura Energy Inc. Announces Wassana Production Re-start
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Comment by cyber37on Dec 12, 2023 2:05pm
221 Views
Post# 35780393

RE:RE:RE:RE:RE:RE:RE:New Press Release - Valeura Energy Inc. Announces Wassana Production Re-start

RE:RE:RE:RE:RE:RE:RE:New Press Release - Valeura Energy Inc. Announces Wassana Production Re-startWhile true that tax loss ‘season’ & a general market sentiment coupled with low oil price could be a factor in VLE share price cave-in; IMHO most of it is the lack of confidence in company’s management. Share price is all about the future potential.  VLE acquisition in Thailand needs ‘strong hands’ – knowledgeable oil & gas experts to build on those aging assets.
I’m a long time shareholder and have almost given up on this outfit until this acquisition - but here we go again. It appears that market shares my less than positive sentiments about this outfit. Is this the case of fool me twice?
G37
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