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 Busker69on May 15, 2013 12:12am

189 Views

Post# 21392692

RE: RE: Financials out

Well my analysis of the current financials:

Significantly Lower net loss but lower revenues by like 10 percent due to no new discoveries. In short pump out more oil and gas for more profits.

I think future growth for VLE is dependent on the results of the fracking and drillng at the company's Turkish sites.Which are due to be spudded from late 2013 to early 2014. Hopefully VLE will hit the motherload on these sites and then we can see increased profits.

However, the lower price of VLE is good since its a good time to buy(my max is 1 dollar).

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