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 > Turkey

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Comment by DocPaton Dec 16, 2022 4:59pm

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Post# 35176909

RE:RE:RE:RE:Turkey

VLE has been very savvy in making their acquisitions and I suspect they have been equally smart on offering the Thrace out to 3rd parties .. that is to say very tough terms until they got their ducks in a row.

Now they have the cash to come and play at the table and the rationalle for the deeper dryer gas, it seems to make sense. Certainly worth a shot. Time is also of the essence with natural gas prices being at all time highs. It could be a very interesting 2023.

I wouldn't count the Thrace out yet Hanna :)

Doc.

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