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

Bullboard Posts

Comment by Sil.Don Jan 13, 2017 2:51pm

190 Views

Post# 25705801

RE:RE:RE:RE:RE:RE:2 Leases awarded

Jus saying the increased land holdings seems material-the last operational news release was march-any other operational news is hidden inside deal news or in quarterlies-which is good as most operational news was bad-the board withheld the 2015 exec bonus $ and may have ended up paying it or not-probably find out in annuals due in about 2 mo. which will likely will show a much larger $ loss than projected-thinking since the shares for $ closed in early nov-the shares can be sold in early march.i am in for the long haul like most but had expected some operations to continue with the shallow well economics being so robust.

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