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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 firstworldon Mar 08, 2023 8:45am
137 Views
Post# 35325420

RE:Mubby Pete has 6 projects in Offshore Thai

RE:Mubby Pete has 6 projects in Offshore ThaiIMO the i credubly slow close is related to difficulty in getting the bomd for $230M clean up liabilities requori f the emergejcy $10M raise.

Mubadala is a $250B asset firm with decades of offshore operations track record  while VLE is a tripple sub prime with ZERO off shore track record....luckg if VLE can get one in any case and same goes for the oil storage tanker.

Likely imsiders are aware since Jim M is consulted with and Bzg takls to Jim thats why they dumped shares ....especially when there is Zeeoo consequence in UK or London hnlike ROW where one goes to prison pendimg trial and spens years behind bars for inside trading....just speculating. 


nozzpack wrote: One wonders if this extended finalizing deal may be due to another producing asset being added to the current three being acquired from Mubby


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