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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 firstworldon Apr 23, 2023 2:57pm
175 Views
Post# 35409488

RE:Doom and Gloom.

RE:Doom and Gloom.I agree the reserves profile is more or less flat contradicting historical decline expectations without spending huge amounts.

I expect they will get many years of good production and bought this with intent to develop it further.

Other than CN equities and ETF in dont see much to buy in global majority markets since economies are crushed with debt and increasing raw materials prices thanks to stupid anti trade policies.  All this BS about chip shortages is comical when Tiawan's chip sales are down 40% LOL.
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