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 > Near term soon due?

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Comment by nozzpackon Apr 13, 2022 10:15am

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Post# 34600014

RE:Near term soon due?

Absolutely, for at least one of the two asset drivers.
Thats why the AGM has been delayed by a month.

My expectation is that M n A will be executed within the next month.
We then have plenty of time to execute the Deep Thrace JV.

Dont know the timing of the latter.....in a mnage a trios ..it might be contemporaneous....but that would be a long shot.
TPAO now have plenty of rigs, and comparative experience with Black Sea, so that would be my call

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