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 bigreturn11on Nov 19, 2019 12:35am

94 Views

Post# 30368037

RE:RE:RE:RE:RE:Equinor interview reiterates commitment in Thrace

sneakyvalue wrote: $50M in the bank gets VLE to the end of 2020 including VLE's share of two potential horizontal wells. If they have success at Dev-1, the share price will be somewhere in the range of $5 to $10 and they'll have no trouble raising capital at a much higher valuation I order to fulfill their commitments in the JV.

Strip out the $50M cash and the market cap of VLE is $20M. If we find any decent gas in Dev-1 shouldn’t this be more like a $500M market capitalizaton? Is this not the risk/reward play of the decade?

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