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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 May 07, 2023 11:25am
148 Views
Post# 35435251

RE:RE:RE:Rally

RE:RE:RE:Rally
SMlachake wrote: A few things are coming together, most importantly, investors are beginning to undestand that most if not all the spend is tax deductatble in some way. Either directly or depreciation. There is also no denying that VLE is now producing around 25,000bpd, some of it tax free today and most of the rest tax free next year. With other tax and depressioation deductions in 2024, this is an almost tax free money maker. Do your own DD, we may end up at the same place.
VLE is the firthest from "investment grade" as you can get. Until there are divs it remains a highly speculative stock until VLE proves they can operate offshore in Thailand and pays divs.

Until then its great for swing trades...nothing else unless want to lose 40% overnight every time mumble jumble spoyts from bozo mgmt teams mounts haha.

Thanks for all the cheap shares everyone -  i will dump them all within 10 days.

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