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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 Npyetmanon Jun 15, 2018 7:37am
115 Views
Post# 28176394

Worries

WorriesOn Investor Village some are posting about how they are worried about Turkey. Now there are legitmate concerns, but you have to remember that only a couple years ago there was a coup to overthrow Erdogan as well as continuous terror attacks that made the country seem unstable. Yet, VLE secured their deal with the government and the stock soared once we found out about the BCGA. 

Regardless of who wins the election Turkey is still in great need for power and their 99% importation of power can be somewhat dealt with with our discovery as part of a solution. That being said people are going to be scared of investing in something they feel is dangerous. In times of war and in times of peace resources are still highly valued and as we hear more news and granted the news is good we shouldnt have issues as investors. 

Anyone else care to chime in? Thanks


Bullboard Posts