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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
Comment by SlowAndSteady7on Dec 04, 2019 10:58am
92 Views
Post# 30420890

RE:People finally realized

RE:People finally realized It all depends on how aggressive they get with 2020 drilling plans.

They'll need money if they get aggressive (i.e. 4 wells in 2020 as their PPTs show), but then again, they'll only get aggressive if the data is good, which means the SP will go higher anyway.

Right now, my money for 2020 is on a bookend near Dev-1, followed by a HZ.  At 31.5% interest, they can easily carry this.  Let's hope the HZ is actually profitable (or at least close to break even)
Bullboard Posts