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

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Comment by Chattycon Dec 08, 2015 1:41pm

169 Views

Post# 24365711

RE:Lack of Interest (volume) in VLE

VLE do not put out any fluff news. When news does come it is factual food as a rule. They advised in the press release you refer to that the first well was spud on November 10th, that is only one month almost to the day. Would be nice however to see some promotion if and when they get any goods on this new licence area that they own 100%. Nice to see Cormark # 73 bidding these past days for a few, as Scott Lamacraft, who runs Cormark, owns something like 12-14% of the company. Positive news would put a floor under the share price in a hurry.

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