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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 bullhorn3on Apr 21, 2022 10:25am
126 Views
Post# 34619912

RE:Several Scenarioes

RE:Several ScenarioesHey Nozzie, for months you have been towing the management line that Deep Thrace is the biggest asset of VLE, in spite of the fact that management stated it may be worthless in the latest report. Why would anyone buy VLE for anything more than its cash... which by now is less than stated in the last report? Only one reason... the high quality of management. Read the posters on this board to gain a deep understanding of the quality of management. For shareholders, it would be more efficient to distribute assets to shareholders and close up shop. If they buy another company instead of distributing remaining assets to shareholders, they will just ruin it like they ruined this one.
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