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 RockLobster1on Sep 28, 2016 3:55am

112 Views

Post# 25284653

RE:RE:RE:RE:Financing coming at 90 cents

as stated a financing is not needed unless they have some big plans we don't know about... the $6m USD should arrive very soon. The deal for Statoil to spend at least $36m US, or $48m CAD and we now have a mkt cap of $50m CAD.

from the NR - lets hope the Turkish govt ca process soon...

These applications are expected to be submitted by the end of August 2016. GDPA approval of the licence interest transfers is a key condition to close the transaction and Valeura will receive US$6.0 million at closing as a contribution to past exploration costs incurred on the Banarli Licences.

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