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 > Turkey

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Comment by BERationaleon Dec 17, 2022 8:15am

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Post# 35177429

RE:RE:RE:RE:RE:RE:Turkey

Turkey makes up sub 5% of the value of VLE now. I get it some legacy shareholders are still hanging on to the dream but what management should really do is sell it for a dollar in order to be a pure play Thailand co. It is just a cost center and if it was commercial they 100% would have found a partner in this gas price environment. Just my two bits but its a distraction for investors and ultimately will act as a poison pill when they go to sell next year for $10 / sh (which btw would only be 3x cash flow). Now back to the Thailand conversation please! The next 3-4 months are going to be fun to watch.

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