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 Public_Heelon Aug 03, 2016 4:07pm

83 Views

Post# 25107673

RE:RE:RE:Let me correct you as follows

""I think it's likely they will have to plug and abandon both. Then what?"" - Calypsocrime

Then they are batting .333 in the Banarli Shallow, which is good in baseball but which they will
need to figure out how to improve upon with future wells. Fortunately, these Shallow wells go
down quick and cheap.

""For each equity share at 90 cents you're taking on quite a high deal of risk.""

Quite a high deal of opportunity, too, and if the deal goes thru, VLE has at least $16m from
Statoil, which ain't bad for a ~$41m market cap stock.

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