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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 SMlachakeon Nov 30, 2022 11:44pm
149 Views
Post# 35141910

RE:RE:RE:RE:153 days to fill the storage tank .. than what?

RE:RE:RE:RE:153 days to fill the storage tank .. than what?My opinion is this is going nowhere but up once weak hands like yourself are out, unless you are trying to shale others to trade a few. Funny you say, yet you don't seem to understand the purpose of a storage vessel but that's okay. Go ahead and do your math. Storage vessel is used to hold crude to an amount worth unloading to a tanker. It is not used to measure a certain amount till full then sell. So your 153 math makes sense only for you'd bashing purposes. They can sell at 60, 80, 90 or any other number of days depending on accumulated production vs size of the transportation tanker. As for 3000bpd, we wait and see the real numbers, my believe is that actual numbers will top the guidance.  As for Turkey, they only need minimal work to secure these licenses and they have a year to do it. The story for the company changes once Wasana if flowing dollars to the coffers, and now the company is derisked, it will grow regardless of surprises in Turkey. A nice prident set up, management has done a great job imo. Nothing but upside going forward.
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