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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
Post by stuckinonowayon Mar 13, 2012 2:45pm
179 Views
Post# 19663972

time

time

anyone nervous?don't be.going to take some time but a little pop would be nice.

regional politics plays a big role with this company and don't want to bore anyone but from a trading perspective info can be gleamed.

eg-although turkey is an importer there is pressure to keep it that way.big money(guess from where)wants pipe and consumption from iraq.russian influence is a pain(mostly thru the 'stans').greece never pays the bills.

that said,for what it's worth,i have been told that the turks want to flex a little muscle and that can't happen with energy dependance and wrong end of trade balance.

supposedly the canuck end is positive and access to our capital markets is wanted.i think the turks just want to be turks.

energy co.s being the profit b..tards they are vle might get rangy.for me i see a chance for some success locally and reward for investors who put up the seed.i gotta make money too but my altruisic pick for the year.

let's go.

t,

ps.told ya i would keep ya company........

Bullboard Posts