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.

TSX:VLE - Post by User

Valeura Energy Inc > Dilution

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Comment by firstworldon Jan 31, 2023 5:27pm

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Post# 35258017

RE:RE:RE:RE:RE:RE:Dilution

A 4% dillution witn a company that supposedly had more tham enough cash ams pending vash flow.

Clearly the clean up liability bond underwriter demanded a high risk premium and VLE desperate for cash already.

Say hello to 2.30 tomorrow the algos responsible fpr 80% of volume will slam this dowm hard.

v

BERationale wrote: The brokers will keep the stock above $2.54 until close. You don't see a bought deal trade below issue unless it's hung and given the number of shares issued amounts to only 4 days of trading, I don't see any likelihood of that.

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