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 SlowAndSteady7on Mar 22, 2018 7:39pm

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Post# 27766212

RE:RE:RE:Why doesn't

From TAT's Q4 results:

"Net loss from continuing operations in 2017 was $23.9 million"

"In addition, the Company entered into an additional $20.4 million term loan"

"At December 31, 2017, the Company had cash and cash equivalents of $18.9 million, $13.0 million in long-term debt, $15.6 million in short-term debt, and a working capital surplus of $12.8 million"

We all agree that TAT has reserves in the ground. The problem is that they are not currently in a financially viable position to extract it. If they run out of money and can't pay debt, shareholders are the first to loose. They are also not in a very good bargaining position to bring in a partner.