TSXV:CART.H - Post by User
Post by
nozzpackon May 14, 2022 10:47am
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Post# 34683890
Cub Energy External Opportunities
Cub Energy External OpportunitiesDr Tim Marchant was previously a director of Cub Energy Inc. (a TSXV listed issuer) from 2013 until April 2020.
He is also a Director of Valeura Energy which just acquired oil assets in offshore Thailand very cheaply from KrisEnergy which is in receivership and liquidating its assets.
As far as I am aware, KE still have 4.63 % of the oil production of Block 8/32 which nets it about 1000 barrels per day, amounting to about $45 million cad per year in revenues.
Based on Valeura metrics, this might be acquired cheaply..
In addition, Pan Orient is selling its 50% WI in an onshore Thailand oil field producing about 1350 bpd.
Marchant has wide connections to other potential regional assets which may be available .
Across the border into Slovakia there are gas fields with similar lithology to its analogues across the border in Western Ukraine.
These are pure guesses of mine, as an indication of what might be available