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 > Consolidation Opportunitues

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Comment by SMlachakeon Jan 30, 2023 9:00am

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Post# 35253615

RE:RE:RE:Consolidation Opportunitues

I hear you, but VLE did not dilute to acquire KE or Mubadala assets, and it was in a far worse cash position, with no production that when this deal closes if about 120m+ at close turns out to be the case, that was about 25,000bpd. So how would acquisition of an extra 2,000bpd by 20M share dilution be justified. I will rest my case, let's watch SG, he has already indicated where he leans by mentioning divy potential during that conference.

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