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.

TSX:VLE - Post by User

Valeura Energy Inc

Bullboard Posts

Comment by RockLobster1on Aug 21, 2018 11:45am

120 Views

Post# 28493108

RE:RE:RE:RE:My main concern now

The stock closed higher for a week after the resource estimate... the $8 high was intraday as you say so that was a very positive reaction to the NR, , and it closed a bit higher from before the NR. Then we had the 5.70 financing the next day and the uptrend was done.

If a stock has run up in anticipation of good news as before the $8 then it can easily be disappointed even by good news... but now the sentiment is quite negative esp regarding Turkey, the news would have be more negative than that to drop us...

But agreed we are in a downtrend and until we bottom we could just drift lower and test the 2.58, hard to predict. We still have some base building to do.

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