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 bxjuon Dec 23, 2015 1:09pm

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Post# 24408740

RE:JV Partner and Chart Opinion

Just looked up TNP (JV) and see market cap is $63mm and liabilities are $263mm They had $10.5mil in cash on 9/30 and interest on debt appears to be about $1mm a month. They have their Albanian assets for sale.

The stock has no volume, it is up 20% today on about 3k shares.to $1.85. I do not see how they can afford to budget much in 2016 towards the JV with VLE, they were meeting this month to discuss, so probably already have met.

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