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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 > Have Faith :)
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Comment by firstworldon Mar 12, 2023 11:45am
145 Views
Post# 35333327

RE:RE:RE:RE:RE:RE:RE:Have Faith :)

RE:RE:RE:RE:RE:RE:RE:Have Faith :)Getting paid ZERO.   The contracts likely suck because if they did have a late deliver daily $50K  liquidated damages  they would be producing 3000 bbl day for last 5 weeks.

This also means the Mubadala deal can easily turn i to another typical Fatah deal with no recourse for VLE.

Very high change of losi g the gamble with VLE dut to their poor no recourse contracts so sell now if cant lose it.



nozzpack wrote: Getting paid nicely while we wait.
So is Mubby.
So what's the problem ....


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