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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

Post by whotheon Mar 22, 2023 8:16am
326 Views
Post# 35353079

Great news

Great news

This is great news. And the added bonus for me is that they got it done within Q1 as they had  anticipated in the December release.

Can't say I wasn't getting anxious with the long delay on Wassana and then the cancelled meeting on the Friday - and asking IR if things are good didn't really comfort me - been involved in a few boondoggles in the past where IR and management said things are fine and going as planned only to have the sky fall.

So - great news - big breath and time to celebrate -  might have to crack an ale or 2 tonight !!!!!

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