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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
Post by sneakyvalueon Feb 08, 2018 11:03am
181 Views
Post# 27526558

GREEN (not red) flags

GREEN (not red) flagsRonfree - contrary to your misinformed theory, both dilutions (2016 and the one announced today) are the opposite of red flags.  If this is an F1 race, the last 48 hours has been pure green flags.  I’m not sure if you’re just a basher trying to scare some weaklings from their shares or if you’re one of those posters that doesn’t actually understand that VLE needed to raise capital to stay in the game and through these events was able to raise a large sum of money without taking on debt.  

It was one or the other - dilute or add debt - in order to play on even footing with the big boys.  I believe that management chose wisely with the low-risk option.  Now that cash is in the bank, it’s green flags all the way - that is until we see the checkered flag in a buyout offer from one of the super majors.  


Bullboard Posts