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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 stiffupperlipon Dec 17, 2023 3:49am
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Post# 35788610

RE:RE:RE:RE:RE:RE:RE:RE:RE: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:RE:RE:RE:RE:RE:RE:RE:RE:RE:New Press Release - Valeura Energy Inc. Announces Wassana Production Re-startSpot on FirstW - and it isn't only about the exhorbant expenses but the perception. Investors see this and immediately a red flag goes up and now the question is - if you blow away capital on things like Singapore ... what else are you doing to waste shareholder capital? There isn't anything a company needs to be in Singapore for. All the suppliers will gladly travel to your worksite and there are no oil/gas companies based in Singapore to go down to the Marriot on Orchard Road for a $ 20 cocktail. I am speaking from my experience working in SE Asia.
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