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.

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Valeura Energy Inc > Trading in 1 and 2 share increments

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Comment by firstworldon Apr 25, 2021 9:32pm

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Post# 33064666

RE:RE:RE:RE:RE:RE:Trading in 1 and 2 share increments

My info is that buyer is UK newco formed for the purchase with zero transparency on shareholders and directors except some proxy director that costs $2K yr in UK . How could the be operating in Turkey. IMO govt is asking for well clean up bond or other guarantee before second sig and buyer having problems coming up with it. Otherwise this would be done deal in 8-12 weeks.

Hannamuk wrote:

waitingstill wrote: I was told buyer already operates in Turkey without issue. So why would there be red flags?

Investment bank operating in Turkey? Where's that?