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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 AndyPapon Dec 30, 2021 3:18pm
89 Views
Post# 34271866

RE:RE:RE:RE:RE:Is Tenaz the Dancing Partner ?

RE:RE:RE:RE:RE:Is Tenaz the Dancing Partner ?nozzpack,

1. Agree with the concept you present.

2. The catch is this: From a Merger only one Management Team survives. The Valeura team wants to be the surviving team.

3. The problem with the Valeura team surviving a merger is that if other oilmen do not think highly of Sean and company they will not give up their assets to a team that they do not respect.

4. If Sean was well respected in the industry he would have done a deal in the last two years. He has $50mil in the kitty.

5. The above rational leads me to conclude that Sean and the rest of the Valeura team has to go.

6. Sean will ride it out to be fired for the payoff. That's exactly what I would do.

7. To summarize: Lets help Sean achieve his payout goal.

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