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 > Deal in this market

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Comment by traderlong2on Jun 07, 2021 8:12am

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Post# 33338904

RE:RE:RE:RE:Deal in this market

I think Both are on the table cooperplay
VLE has :
44 million us in cash
no debt
deeps assets
clean shell
trading both here and london
great float of 86 million outstanding
what an opportunity for a private oil and gas company to merge

also to raise cash is still very tough right now so a large company trading at ie. 10 bucks
could take us out at buck or two
in shares issue 8.6 - 17.2 million shares and suck up our cash an assets
But my guess is sean will want to be the one taking out a smaller company and return us to a much higher share price
I think pretty safe with assets and 44 million us in cash = .62 cents
we should know something soon
glta

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