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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

Comment by firstworldon Mar 07, 2021 9:59am
177 Views
Post# 32738290

RE:RE:RE:RE:Too slow

RE:RE:RE:RE:Too slow The buyer principals having red flags would be the only slow down and certainly no fault of the govt. These wod include some scandals around trading and structuring, litigation, regulatory investigations, AML, ATF, you name it. Also worth noting that Q4 financials also late by three weeks compared to normal 6 week lead time. Of course, there is the possibility of a back-to-back synchronized "repositioning" that's often tricky to execute with Anglos involved. With energy prices where they are it's better if they don't sell. Perhaps they are negotiating a deal termination. I noticed there was no break fee announced for the deal so it's hardly investment grade in the first place except by Canadian standards where anything better that wet paper towel is "investment grade".
energee wrote: Are you both saying that this small asset sale is subject to Turkish Gov approval?  If that is their process, good luck with that.  Time for the Company to provide an update.


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