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Valeura Energy Inc T.VLE

Alternate Symbol(s):  VLERF

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

Bullboard Posts
Comment by valueseeker123on Dec 09, 2017 9:03am
173 Views
Post# 27123049

RE:RE:RE: Thinking we should be prepared for a misinterpretation

RE:RE:RE: Thinking we should be prepared for a misinterpretationIt should be perfectly clear to all that Viking is only presenting negative thought-inducing commentary, so the question is WHY?

My theory is that he is being paid by one of the super-majors that is accumulating a position in VLE. A handful of them have been in the data room before and are intently following the progress in the Thrace Basin. Now that the BCGA play is proved, all of these players are going to want to partner up with Statoil. The only way to do this is by taking out VLE. Until one of them hits 10%, they don't have to report their position to the regulator, so Viking is presenting enough doubt to keep the price so his paymaster can accumulate cheap shares.

Don't let Viking convince you otherwise, Shaw is bang on the money - the individual tests matter, but none of them change the fact that a massive BCGA has been found. 

Don't let Viking be successful, hold on to your shares regardless of the upcoming test results, the real party begins once the third-party resource estimate in released in mid-January. VLE will soon be absorbed by one of the giants, and the price us smart shareholders will receive will be much higher than today's level.
Bullboard Posts