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 SlowAndSteady7on Dec 04, 2019 12:10pm

114 Views

Post# 30421310

RE:RE:RE:People finally realized

Sure. But at $1.2/shr, the dilution is too high for what we know TODAY.

They've hit gas on every single well, every single zone. If they do an offereing at below $3, they are going to piss off a lot of shareholders.

What I haven't been able to figure out (and haven't bothered asking) is why they don't deploy some of that cash in the shallows to generate more profit. They could turn $10M in to $15M or $20M in 18-24 months. Why didn't they do this in 2018, or 2019? Unless they aren't as confident in their reserve reports as they claim to be?

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