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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 bxjuon Mar 08, 2016 4:50am
93 Views
Post# 24633182

RE:Trans....pete

RE:Trans....petedono, Nice find.  What I think is significant is TAT has 100% licenses that completely encircle the VLE 100% owned Thrace licenses.  These are to the north and east and VLE is already in a JV with them with their licenses to the west and south.of Banarli.

In their 105 page presentation done at their AGM last June, besides the map, their main stategy for growth was to JV many of their properties and use other companies $ for exploration and development.. This statement below was in that presentation.and I am wondering if the 65% jump in price days after their news of a questionable sale might be related to TAT news forthcoming on maybe a JV if not good news from VLE?  The already published news of VLE's recent find has drawn much attention to energy straved Turkey who relies mostly on gas. So I think that alone would bring a lot of interest to TAT in regards to these 100% licenses.near the VLE find. And we are well past their 3 to 6 month time frame to execute a JV. It should be an interesting day and hopefully not bad news from VLE..

Execute JV for Basin Centered Gas (BCG) exploration in Thrace Basin & Delvina Gas Field 3-6 months



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