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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 Jan 10, 2023 2:30am
193 Views
Post# 35212688

RE:RE:RE:RE:Coming Along Nicely

RE:RE:RE:RE:Coming Along NicelyBut you jump into conclusions? You keep quoting the marketing duration but you have no idea what farm-in conditions have been and what, if anything has been on the table. The industry cannot survive without exploration and appraisal risks. There would not be significant growth if all management should do is sit until a good acquisition deal comes along. With over 100M invested in deep Thrace, with drill targets identified, with all these ending in upward revision of the reserves, I see no reason why I can't trust management to make the right decision. The market was pricing this below cash value because all they had was Thrace and latter Wassana. Their cash was not enough to do any significant work in Thrace and no deal had been struck. Now the dynamics are different, VLE can fund its own growth where they identify potential, may that be Thrace or Thailand, and the market will know that as soon as numbers are out. Dare to think SG has a reason for holding Thrace deep while he let those shallows go? Imo, if he was inclined to take unnecessary risk, he already would have in the 3-4 years you keep highlighting. Anyways, our banter will not change course of things, but my feel is an imminent deal given European/Turkey gas situation. 
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