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 nozzpackon Jan 31, 2023 7:19am

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Post# 35255831

RE:RE:RE:RE:RE:RE:RE:RE:Consolidation Opportunitues

Palang and Mitsui Thailand have about 4000 bpd in their bits and pieces .
Mjtsui is too big to bother about its 2500 bpd in 3-5% pieces .

Palang is too small to pay its share of E&D expenses which has been mostly absent since 2019.

They will be eager sellers to the right buyer.
Once the Mubby deal closes, but might be at any time...

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