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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 DocPaton Jun 14, 2021 1:28pm
154 Views
Post# 33382299

RE:RE:This weeks trading

RE:RE:This weeks trading Interesting volume and price to be sure .. but I think these guys have been close to a deal before and then didn't/couldn't  close. 

The wait has been painful .. 10 years since my first investment in VLE. As painful as it has been, so long as they get the deal that they need .. Production with significant upside along with a partner that has the pockets, desire and expertise to join them in the deep play, it will all make it worth the while.

If, on the other hand, they go for some base hit, or just merge up giving away all of the upside, pain will only be followed by suffering for all of us longs and the management team should be run out of town on the rails.

My bet is still that they are going to get the deal they need and this thing is going to, finally, Rock and Roll!!

All the best to longs,

Doc
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