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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 whotheon Mar 02, 2023 10:50am
158 Views
Post# 35315087

RE:RE:RE:RE:Can January numbers reverse trend?!

RE:RE:RE:RE:Can January numbers reverse trend?!if posting real numbers is bashing - what is posting false numbers - there are still posters quoting 21,000 -  wouldn't you rarther have the real picture ?

I prefer to see the actual numbers not inflated numbers.  I also like to see timelines hit and goals achieved. 

This company has had a lot of issues over the past few years - cheap selling of pruducing assets, approx 2 years of nothing but cash burn, non-existent deeps, and around 4 or 5 missed Wassana production dates - to the point that the last 2 or 3 weren't even dates -  it was early Feb, then  it was  'soon after the work is completed ....'  -  seems like it has been 'any day now' since Dec 2022 (that was the first call.for Wassana back on).

Shows incomptency on a number of levels and the worst part is that these are well paid people - it's like there are a bunch of weathermen running the company - they wll be close for tomorrow's forecast but anything more than 3 days out is a guess.




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