Valeura Energy Inc T.VLE

Alternate Symbol(s): VLERF

Energy Oil & Gas E&P

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

Valeura Energy Inc > Odd Pre-market

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Comment by Hannamukon Apr 18, 2023 9:13am

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Post# 35400188

RE:Odd Pre-market

Or look at the capex
Valeura intends to re-invest into its producing fields, with the bulk of its spending directed toward drilling new wells and working over existing wellbores to access additional reservoir sands. The Company is planning a total of 21 new or recompleted wellbores in 2023, seven of which, were drilled or completed in Q1 2023.

Gringotts wrote: With the news released, I would have expected far more interest in VLE pre-market. At the moment, it looks like the stock will only get a minor bump upwards. I hope this will not be a sell the news senario - VLE's fair value is far above yesterday's close.

Ironically, this may be a buying opportunity - so screwy?!?

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