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

<< Previous

Bullboard Posts

Next >>

Comment by firstworldon Dec 14, 2023 2:59pm

140 Views

Post# 35785220

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

stiffupperlip wrote: You are spot on FirstWorld - why Singapore? It is ranked the most expensive city in the world and thousands of miles from the work site. Stiff has worked in Asia and I know the service companies have bases in Singapore but the reps there will gladly come and visit you at the worksite. VLE's burn rate must be astronomical. I have seen this over and over before - geologists can find stuff and are good during start up but you need an engineer to get sh$#t done in a cost effective timely manner. Singapore? Wow someone has lost their marbles

Thoreson has a near monopoly on Thai offshore services and they are local.

VLE is a tier 5 customer begging for credit.

I don't see any Singapore or HK funds clamoring to buy VLE.

SG is P.Eng and a very poor business manager missing all targets, schedules and promises.

Singapore is a great offshore and corp concealment tax haven....we know SG and bandits used them in UK to sell Thrace shallows at 90% discount to appraisal when they had $50M in the bank and no need for the sale proceeds.

It all looks very shady. O do love VLE swing trading though !!!

<< Previous

Bullboard Posts

Next >>

Rich TV Live's Stocks to Watch this week (June 28, 2024)