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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 oilandgas111on Sep 20, 2012 3:12am
288 Views
Post# 20389379

RE: RE: RE: RE: trading at $1.25

RE: RE: RE: RE: trading at $1.25

I bet on a PP reprice at $1.1

No one will buy the PP at $1.3 whereas they can buy on the market 8% cheaper (Trading at $1.21 right now). They are not stupid.

I am very unhappy with this PP. It is obvious the market doesn't want it. US and canadian market are making new 5 years high. All energy stocks are soaring since 1-2 months. The only exception is VLE which is trading at historical low.

The problem with VLE is the production is declining and Q3 seems to be declining too. The last frack results are not good between 0-0.5mmcf per frack well. How can it be economic ?

This is my only red investment so far. I am thinking about dumping my 200'000 VLE shares this week on the market. I am 12% lost on this one :( What a disapointment.

GLTA

Bullboard Posts