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 Sil.Don Apr 01, 2016 1:53pm

106 Views

Post# 24720823

RE:RE:RE:RE:News

my thinking is Transtlantic already broke and need this deal they announced being close. if it does not fly and they cannot pay there bills Valeura is in good position with this first lien on the JV. for the past year they have been operating as 2 companies, one oil company one gas company. the JV suffered and I moved my money to the gas co. what surprised me was Transatlantic annoucing a new gas well in the thrace basin being drilled this month on there very low capex budget. me thinks that it will be a JV well because of tight money.

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