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 > Too slow

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Comment by AndyPapon Mar 08, 2021 3:02pm

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Post# 32744930

RE:RE:RE:RE:RE:Too slow

As per the January presentation VLE is pursuing a combination of a number of entities. They have the cash that gives them reasonable chances to make it work. It is however a high risk move.
If they pull it off they can enhance the value of the combined companies substantially (2x+).
Sirenus was discussed in this board and they have nice assets oversees.
As per the schedule on their website they plan to provide an update on March 25.

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