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 > Why dividend

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Comment by Hannamukon Jan 19, 2023 4:15pm

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Post# 35234218

RE:RE:RE:RE:Why dividend

Not to forget, 50K production on a decline shelf now @ 140K is quite impressive!!

cyber37 wrote: Not sure what started this silly talk about dividend; VLE needs to build up reserves, stabilize & possibly increase production and use the little cash they have left over for more acquisitions. It is way too soon to even talk about paying out dividend. While building up on this small acquisition share price should follow up & at this stage of company growth this would be the best for shareholders.

Yes, with 50k bod VLE could look into paying out some of that cash out as dividend….anything sooner would be just silly.
G37