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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 wajacon May 13, 2019 8:47pm
169 Views
Post# 29742983

London listing

London listingRobin Martin at investor Relations  responded to a question on the London listing as follows.


'Trading in London is a slow start, as you’ve pointed out.  That’s not entirely unexpected as we did the listing without issuing any new equity meaning we don’t immediately have new shareholders there. So it will take some time for shares to migrate over to the UK.  We’re working with two corporate brokers there, both who have strong connections in Canada to help on that front.  I believe this will benefit us in the long run, particularly if we’re looking to issue new equity at some point down the road.'  
 
Trading in London is a slow start, as you’ve pointed out.  That’s not entirely unexpected as we did the listing without issuing any new equity meaning we don’t immediately have new shareholders there. So it will take some time for shares to migrate over to the UK.  We’re working with two corporate brokers there, both who have strong connections in Canada to help on that front.  I believe this will benefit us in the long run, particularly if we’re looking to issue new equity at some point down the road.  
 
Bullboard Posts