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.

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Valeura Energy Inc > Next acquisition

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Comment by nozzpackon Apr 29, 2023 11:01am

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Post# 35420747

RE:RE:Next acquisition

This weeks acquisition of remaining Wassana WI was not unexpected.

Its my view that we will also see Sean consolidate the remaining bits and pieces of Mubbys assets.
These will come cheap too and together with Wassana add about 2500 bod to net production.

Essentially, VLE will be the sole owner of its producing assets.

Ditching Rubbi was also a good move as it saves $100 million in funds that can fund 20 or so infil wells
designed to maintain production of our current assets.

It means that our look ahead is no longer cluttered with other expenditures but fully focussed on our producing assets.

We should now see our share price in its second ascendancy ..

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