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 > My take...

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Comment by energeeon Dec 04, 2022 10:57pm

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Post# 35150050

RE:RE:RE:RE:RE:RE:RE:RE:My take...

VLE is clearly pivoting to Indonesia, which is acceptable. If they don't, they are just flogging away on the Turkish horse.

Turkey assets are higher risk, have shown some water issues based on prior drilling results. Good place to find and produce natgas at a great price, but nobody has stepped up yet. All about the technical.

IMHO they should farmout/sell the Turkey lands, reserve a royalty and move on.

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