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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 Npyetmanon Jun 12, 2018 10:46am
146 Views
Post# 28159363

RE:RE:Sinking on Silence.....

RE:RE:Sinking on Silence.....Haha I’m still here! I haven’t bought or sold since around 5$. Of course no one is happy that we are bleeding out for the last several days, but we are in a period of radio silence. 

If you really want to sell sell then go for it! It doesn’t stop the fact that everything about the company that made you want to buy it in the first place is in fact still there. 

I wish I bought VLE at this time last year but I didn’t... I bought during its big comeup as most did and what most don’t realize is that from November to February was stock movement that is relatively unseen on the market. We got so used to just seeing green everyday that the weird fluctuations between 5.50 and 3.80 are scary and not what we have seen from this stock. 

We we have to accept that we will need to wait for results before we see any action like we have previously. Now I do have a question for anyone... being that VLE has outlined production plans that span late into next year, how does this change the buyout scenario that seems quite possible when a junior owns so much asset? I’m just unsure what what will be the next catalyst to solidify the interest of an offer or will majors be looking maybe 2-3 years down the line? 

Anyway, today looks tough so far but remember why you bought and look at the presentation again:)
Bullboard Posts