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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

Post by Dell1on Feb 02, 2022 11:40pm
279 Views
Post# 34391872

Somebody is holding us ...

Somebody is holding us ...

Without a doubt somebody's intention to keep this stock price at this level. Whenever it reaches 46 cents it goes back to 40 then stays within this range. While we are witnessing NG and oil at highest levels for a long time. All I can say management is really struggling to get anybody to continue JV after Equnor severed partnership. If we get an offer to be bought out at 60 cents I wouldn't be surprised. Management will get their options excercised and other liabilities to be taken care of, 60 cents will be a good deal. Risk involved to continue drilling operations is high and can really deplete fast Valeura bank account. You might be sitting on gold deposit but if you don't know how much is there or you can't get the gold out then your asset is not valued at all. Management might take such a risk but highly unlikely to continue drilling these expensive wells in  

Don't get me wrong (I am a shareholder) I really would like to see this company to be back on its feet but that is not  that easy when others players are not willing to sponsor this venture. 

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