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 RockLobster1on Nov 27, 2019 11:44pm

112 Views

Post# 30400856

RE:RE:RE:question

Thanks but the question remains about the contract. If eqnr is operator what are their commitments, can they sit on it or must they commit funds?

Does vle have much say or just follow whatever they decide, and pay their share?

Is there a deadline for this decision, or just after dv and ina are completed?

Of course I like the positive talk here and have loaded up this month at this price, but it worries me that we are stuck here with no big buyers coming in. But this project is somehow close tou free, which I thought would only happen if eqnr walked away and said there was no hope at all.... I guess that is what the market expects at 80 cents.

Thanks

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