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.

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Valeura Energy Inc

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Comment by bigreturn11on Dec 17, 2017 9:01pm

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Post# 27175276

RE:RE:RE:RE:RE:How does this all play out?

I have to assume that STO already has a partner picked out. Garanteed they have put much thought into this long ago and with what they are seeing here you have to think that a couple of phone calls have been made from STO.

I suspect (and I am sure this is reasonable) that if there was a takeover offer, STO would let it go if the buyers are easy to work with on international JV's and otherwise they would push the prefered JV partner to counter offer.

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