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 > Deep Thrace is not dead

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Post by nozzpackon Oct 18, 2022 2:39pm

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Post# 35032040

Deep Thrace is not dead

Lots of options to get the selected well drilled.

Spin out is just one of these along with another late stage project under consideration .

Or, an equity raise by Valeura once the share price rises above $1 or indeed by the conventional JV.

All of us agree that drilling the Deeps is a great opportunity to get us back to a 10 bagger ....and management is completely onside in that viewpoint

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