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

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Comment by bullhorn3on Nov 01, 2019 10:01am

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Post# 30296707

RE:US Sanctions

Good question!
I have been considering buying VLE but have been put off by the sanctions... Turkish currency will probably drop further, making profitability of VLE in C$ worse. It's possible that US citizens might be forbidden from holding VLE shares, meaning some investors in VLE might have to sell. But all this is speculation... has anyone actually read the proposed sanctions? It's possible that the current share price already reflects these negative factors. Almost everyone on this board is concentrating on gas discoveries, not investor-related concerns.

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