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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
Post by valueseeker123on Apr 28, 2016 1:10am
109 Views
Post# 24818627

Sure, Waiting Sucks, but....

Sure, Waiting Sucks, but....it will be worth it.

Look at this company's track record in drilling on the JV, they have the highest success rate I've ever seen.

They learnt the geography over the last few years and have employeed  their cash flow investing in their own 100% area. Shot a huge area ,3D, and have already confirmed they are in production on their first well. I figure this one well alone is yielding them $20,000 in profit, each day, that's $7.3 mil over a year. One well. They still have multiple, high probability targets.

On Yali, the well we are waiting for, they went deeper. They are fracing it, likely in different areas. The longer they test it, the more accurate the data is. Given that this company doesn't put out frivilous news releases, it is clear that they are thorough and will likely announce all their comprehensive results at once.

Wouldn't it make sense wth the AGM coming up to do it then? 

In the grand scheme of things, what's a few more weeks when VLE is so close to possibly going on an EPIC run.

Those of you out there like me that are long, just buckle up and wait....
Bullboard Posts