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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 stiffupperlipon Apr 20, 2023 2:28pm
184 Views
Post# 35405794

RE:It is all about the taxes credits.

RE:It is all about the taxes credits.Good post DoubleN
Can anyone name a successful story coming out of Thailand? NOT. 
Kris is a pretty big regional player.
Believe me, they knew that the future development of this asset wasn't worth the effort. A small amount of reserves you could have easily purchased near Edson. And this is offshore which is much, much more cost to develop and maintain. And debt to service - wow. Stiff was surprised when the stock hit $3 but now Sean has provided the whole story and clearly the markets is saying, 'another VLE debacle - let's get the %#! out now.' Investors were burnt badly in Turkey and don't want a repeat.
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