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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 Aug 01, 2018 9:06am
247 Views
Post# 28396638

RE:RE:RE:News Release

RE:RE:RE:News ReleaseI think that would be wise for the buyer, but I don’t think they will want to buy unless they know the ina results are solid first, even if it means paying more. Now once those results come back positive i would be shocked if the company does not start receiving offers soon after. With the oil and gas conference in London on dec 3-4 right after the results, many will know of the magnitude of the play.

There are many companies that can easily pay 1-2 billion dollars for this discovery and develop it into a large profit maker with ease. Despite the SP going down we have had only good news in terms of the company and the discovery since late nov 2017. It is only a matter of time before all the positives amount into a buyout or at least a significant rise in value. 
Bullboard Posts