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 > READ THE OFFERING REPORT

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Comment by BERationaleon Jan 31, 2023 11:10pm

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Post# 35258592

RE:RE:READ THE OFFERING REPORT

Agreed. It's less than 4% of their market cap.

Also note Tag Oil (TAO-T) did a similar bought deal for its newly acquired assets 3 months ago and its up close to a double since then. Sometimes you have to position institutions to support the story long term and everyone has to make money.

Looking forward we will see strong support and more investment banks pile in with the prospect of more deals and raises.

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They started in video game investing, now they serve high net worth traders