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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 Chattycon Jan 05, 2016 7:46pm
96 Views
Post# 24431753

RE:RE:RE:RE:RE:House 74 and 85

RE:RE:RE:RE:RE:House 74 and 85
I remember that AMW stock. It was a beauty. VLE though, if you look at what has happened already, well # 1 ruled out for the shale fracturing, but well #2 seems to be something very special as they are busy retrofitting it now because of the over-pressure. ............(not doing this unless they very strongly believe they have the tiger by the tail in this well and he wants out).......Soooooo, if the fracking goes well and the gas is there in economic form, then they have pretty well proven the theory, given the seal of approval, turned on all the green lights to drill a deep well. The majors watching are pretty sharp creatures as is the government of Turkey that have spent so much time and money off shore and unsuccessful. If the gas can be reached on land, and remembering the two plays Mr. Shaw mentioned that we bought out for $1 and $1.5 Billion, and with so few shares outstanding in VLE, the door knocking could be loud, with others wanting aboard, throwing cash at VLE to participate. Just my opinion, but by February (next month) we all should know.
Bullboard Posts