Valeura Energy Inc T.VLE

Alternate Symbol(s): VLERF

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

Bullboard Posts

Comment by grandcoeur9999on Jan 09, 2012 7:05pm

321 Views

Post# 19384105

National Bank of Canada Comment:

National Bank Of Canada Comment:

The release gives us comfort that management is advancing the play concept and we believe should provide support to

the stock at current levels. VLE is making positive steps to understanding the tight gas potential in the Thrace Basin. We are seeing more consistency in the completion results and expect news flow to pick up as the company kicks off an

active 2012 program. VLE remains well capitalized to fund its capital program internally and provides pure-play

exposure to Turkey.

TARGET: $6.00 (Unchanged)

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