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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 Apr 02, 2023 12:52am
147 Views
Post# 35374302

RE:RE:insurance ?

RE:RE:insurance ?There a lot of 'nice' that management sometimes does not have the luxury to use. They got lots to juggle including legals etc. I would imagine they got this news sometimes Wednesday. I don't think it would serve good business purpose to give public statement about insurance cover from a third party without the third party stating that to them first, and how would that impact the third party itself. These are their business partners and should be for a long time. Sometimes, you give a victim room to put his house in order and confirm the cover themselves. I really think management handled this communication as best as they could. No matter how much these guys give, we will always want more.. 
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