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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 energeeon Mar 14, 2023 9:36pm
263 Views
Post# 35338820

RE:Sean on how to spend 10 mill raised

RE:Sean on how to spend 10 mill raised Makes perfect sense.  They sre getting close to the first deal production adds, which takes time to get the ops lined up, particularly when there is significant floating equipment involved. 

Also, I expect that during the pre-closing of the Mubadala deal, which they are living at the moment, that they are working hard on the 7-8 months of accounting adjustments to deal with the very large revenues, offsetting OPEX and capital that has accrued since the end of August 2022, the adjustment date in the P&S. 

Just close it and the market will read it.  No stress here.
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