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.

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Valeura Energy Inc

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Comment by RockLobster1on Aug 31, 2019 1:54pm

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Post# 30086197

RE:RE:RE:RE:Turkish Foreign Minister Visit to Equinor Office

Overertune wrote: Not sure how it works. If government own a share, they might control gas price below market price and not allow VLE to sell outside of Turkey?

Any govt can pass laws anytime to change the conditions, but they put at risk all investments in all sectors if they make it terrible. They dont have to be a partner in any way to change the laws.

I think having a govt entity as partner does the opposite... the country is seen to be benefiting directly by having a share and more incentive for it to be a success and have favorable conditions to succeed. In addition to the many other benefits of development.

Also it is unlikely that they'd change the rules early in the development as that would dry up funding for the development. Govts tend to do that much later, and we will be long gone by then IMO. For now they need the expertise and capital from outside the country IMO and will for a long time.

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