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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 BERationaleon Mar 30, 2023 12:01pm
226 Views
Post# 35369380

RE:RE:RE:No Biggie!

RE:RE:RE:No Biggie!Yes they will either release current or forecasted. Two very important tidbits of information I was reminded of from their December press release:

1) Valeura intends to commission Netherland, Sewell & Associates, Inc. to conduct a reserves and contingent resources evaluation for all of its Thailand assets effective December 31, 2022, in accordance with the Canadian Oil and Gas Evaluation Handbook, with results to be published by the Company in due course in the first quarter of 2023 subject to closing of the Acquisition.

2) Valeura anticipates closing the Acquisition in Q1 2023 subject to the satisfaction and/or waiver of all conditions under the SPA. Thereafter, the Company intends to provide an operational guidance outlook for 2023.  

Both of these have the ability to take this thing over $4.00. Let the seller at CIBC run scared like they did yesterday - this thing is going to take off tomorrow.
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