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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 SMlachakeon Mar 02, 2023 12:35pm
94 Views
Post# 35315406

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

RE:RE:RE:RE:RE:Can January numbers reverse trend?!What a commnentary, excellently hitting all the sapranos, completely lacking in the bass. I would expect, that a reasonable investor, having found a company's management to be incopetent, would sell and move his/her investment to a better managed company. It seems a little wierd that whinning seems to have been the adopted option here. Wassana and Rokusson assets alone represent a great value for the worthless shallows sold in Turkey. Management was very clear on their strategy and they delivered. In two years, they searched and delivered two deals with minimal cash burn, sp is likely to regain its all time high when Mubby deal is closed, but you are here compalining because vessel repair is taking longer than they anticipated. Do you think they came up with the certification dates or were those given to them by the repair company? Or do you think SG is the welder and certification project manager as well? imo, it does not matter if we are at 18,000 or 24,000 today. Either of these figures demonstrates significant transformation over a difficult covid period during which some juniors collapsed. Now, like it or not, the deal is 'any time now', Q1 ends in less than a month, they will have full control of all the asserts and execute their growth plan. I don't expect that to be perfect either, that helps me sleep better at night for unlike some, I don't live in a perfect world. Bash on, but days won't stop the count, the deal will closing imo.
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