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 stiffupperlipon Aug 11, 2017 9:44am

106 Views

Post# 26570305

RE:RE:RE:RE:Valeura loses $526,000 in Q2

Good post Waiting. You are thinking ahead. Small companies should never get in bed with big companies for just the reason you mentioned and I do not buy this argurment that STO will be buying VLE. Why? All they will do is issue a cash call - which VLE doesn't have the money for ... VLE goes into default and STO takes over their participating interest. That is how all these contracts are structured - and for good reason.

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