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 stiffupperlipon Jun 29, 2017 3:59pm

167 Views

Post# 26421279

RE:valuation opinions

That is a tough question to answer with these small caps and Turkey is a quirky market area with few analogies. Even here is Canada - check out PPR - its valuation was more than $ 1.55 per share and is trading at 55 cents and then they press release a 1,000 bpd well and the share price dropped to 50 cents.

Basically since the shallow well was a dud - everything depends on the STO well. It will be hard for them to raise capital if the STO well fails.

Bullboard Posts

Changing Europe’s dependency on HREE from China