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.

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Valeura Energy Inc. > 2023 production cycles

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Comment by cyber37on Jan 17, 2024 5:42pm

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Post# 35832365

RE:2023 production cycles

Stock is back into margin territory (over $3 on TSX) so we may see more volume because of ‘parasitic’ day traders. This should bring more life into it & I hope company can sustain this added attention by moving forward with development drilling in Nong Yao A field & poking into Wassana deep.
With lack $3/share is just a start and a good base to grow a healthy share price that reflects true enterprise value. Only wish they would add some reserves trough exploration – put that $8 million of the 2024 exp budget to good work….please.
G37

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