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 > Bangora Gas Field Update June 13 2022

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Comment by nozzpackon Dec 14, 2022 9:58am

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Post# 35170635

RE:Bangora Gas Field Update June 13 2022

KrisEnergy had several subsidiaries.
Valeura acquired all of the stock of its Gulf of Thailand subsidiary.

As far as I know, Keppel holds the subsidiary which contains the Bangora gas assets .
Keppel is front running the $39 million Lawsuit now nearing its legal outcome.

If it wins, they will quickly offload this gas asset.
Bangora has obviously not been receiving the necessary caped to sustain its production..hence the recent declines.

As Valeura's SPV is operated with many of KE personel, should Keppel win its lawsuit, Bangora will be up for grabs .

Its not unreasonable that Keppel will stay with the same dancing partner..

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