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 Sep 17, 2016 9:53am

107 Views

Post# 25248011

RE:RE:RE:RE:RE:RE:RE:RE:RE:What just happened?....

""The fact so many people have an ask for the low 90's and people with money to invest are not biting is kind of mindblowing to me actually."" - Lauravi

Makes sense to me. The BIG event coming up is Statoil's first well, which we won't know about for months. If that goes badly, the stock price will drop drastically, and IMMEDIATELY. If the well is successful, the stock will likely rise even more, but it won't happen immediately, so buyers will have a chance to get in.

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