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Valeura Energy Inc T.VLE

Alternate Symbol(s):  VLERF

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

Bullboard Posts
Comment by got2winon Oct 10, 2011 2:37pm
345 Views
Post# 19134906

RE: IR has done a poor job with this one

RE: IR has done a poor job with this one Well, the whole market has been in a free fall for the most part due to the EU stuff. Secondly, this is a new company, I know they had some roots from other companies, it takes time to get their ducks in a row, put out a few fires, get on course. The tsx listing is huge in my opinion, this will allow some big institutions to get involved, where previously their own rules prohibited purchasing stocks on the venture. Jennings Capital has a $9.00 price target on VLE.Also Globe Investor rates VLE as a "Strong Buy" by 3 analysts.Really what were counting on here is the management team. Very experienced and knowledgable. Badwi and McFarlane are the cream of the crop. Both have delivered the goods before and increased shareholder value in the past. I think in 6 to 12 months, and if this EU crap gets sorted out, the patient share holders of VLE will be rewarded.The fundamentals are good, the management team great, the resource quite respectable, lets get on with positive execution of the story and keep a consistent flow of good news coming out.
Bullboard Posts