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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 Jan 23, 2019 10:42am
125 Views
Post# 29270105

Calm Before the Storm

Calm Before the StormWe have never seen a time period in the last year or so where the SP has been this steady in about a month or more. That being said I wish we were all doing much better but we are going to find out very soon just how good we will do. I’m still a strong believer in the buyout theory as VLE just does not have the production capability to develop all the gas they have found. If reports are positive then there is no reason the SP along with interest from majors will follow. They would be wise get to try and get in quick who knows could be some backroom deal with Equinor pending the results as we speak. 


Bullboard Posts