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 Sil.Don Oct 01, 2017 11:50am

149 Views

Post# 26763832

RE:RE:RE:RE:In today's local news

I did not realize the release of material information/change was optional-the last news release had good news on the deep well and bad news on the shallow wells-the result was a 23% drop in price in 2 days and most saying we lost our shallow well backup and it is now mostly all or nothing on the deep well results-if this turkish energy news release is accurate and a new shallow well is being drilled-that seems very material to me-in fact any news on the shallow wells would seem very material and they surely have news on 2 to 4 of them-the results likely having significant results of share price-yet we get no news and have reached new lows that would be much lower if not for Cormark-any1 here read turkish and can give their translation of this report of what reads in translation to be a new shallow well=

Kanadal irket Tekirda'da doal gaz arayacak | Enerji Gnl ...

enerjigunlugu.net/.../kanadali-sirket-tekirdagda-dogal-gaz-arayacak... Translate this page

3 days ago - Kanadal Valeura Energy'nin bal ortakl olan Thrace Basin Natural Gas (Trkiye) Co. Trkiye Ankara ubesi, Tekirda li, Hayrabolu lesi, lyas .

Here are TSX rules on material change-recent success or further failure in the shallow program surely would have significant effect on market price-

. “Material change”, for issuers other than investment funds, is a change in an issuer's business, operations or capital that would reasonably be expected to have a significant effect on the market price or value of any of the issuer's securities or a decision to implement such a change by the issuer's board of directors or by senior management of the issuer who believe that the board's confirmation of the decision is probable (OSA definition)."

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