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.

TSX:VLE - Post by User

Valeura Energy Inc > I’d say good news but

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Comment by calvin43951on Nov 13, 2022 12:00pm

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Post# 35094879

RE:RE:RE:RE:I’d say good news but

9.5% is not a bad interest-rate. In fact I'm surprised it's not a little higher. When you are dealing with that type of money, you have to be 100% sure and confident in the company or he would not allow them to borrow $30 million.

So I nicely disagree with you about 9.5% being high.
Check out any other companies and you will see it is a feather in there cap.

We are fortunate to know about this company at this level. Once they start marketing to institutions and retail investors get in it will be in in the 3 to 4 dollar range for the retail guys.

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