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 > BG lowering their exposure?

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Comment by SMlachakeon Mar 13, 2023 7:51pm

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Post# 35336332

RE:BG lowering their exposure?

BG notes on Sedar are old news now, I see you note declines of Mubby wells, but somehow forgot to read about all planned infill. Interpreting December production numbers, posted earlier here don't seem to show the sung decline. Just an old song with no substance. Anyways, maybe it's a good time to sell. Q1 has less than 3 weeks to now, this deal is closing, and with it cashflow of about 50 current VLE market cap imo.. glta

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