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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 15, 2023 5:30pm
135 Views
Post# 35341151

RE:RE:Dividend

RE:RE:DividendThe path you favor is a good one, but don't forget this company has a combined $80M credit to develop these facilities and millions in cash in the bank all before the windfall from Mubby deal. This divy talk would not be going on if Sean had not responded affirmatively when asked about potential for dividend in the near future. He said he does see a possibility of the board approving one. Check that vidoe conference and make up your own mind. It's a real possibility. If they manage to apply KE tax credit to current income, if that credit is as substabtial, there may he more than enough for a repsectable divy... let's wait and see.
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