Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 BERationaleon Jan 26, 2023 8:04am
243 Views
Post# 35247195

RE:RE:RE:WI increases 2.5% after just one month of Ownership

RE:RE:RE:WI increases 2.5% after just one month of OwnershipThat is exactly what is happening here - just no liquidity in Pantera. I doubt VLE's position grows to more than 90% before closing and then Pantera will be reeling in the cash from the effective date catch up and cash flow on a go forward basis. The cash flows from August 31st are not being split with Mubby as I have seen some posting. They are collecting them and they will go to VLE (87.5%) and Pantera (12.5%) at closing. I expect this number to be in excess of $120mm to VLE which is not even half of their current market cap. Why anyone would sell this prior to close is beyond me?! This is like picking money up off the ground. :) GLTA 
<< Previous
Bullboard Posts
Next >>