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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 19, 2023 12:35pm
170 Views
Post# 35456685

RE:RE:RE:RE:Thailand - 90% Chance of Coup

RE:RE:RE:RE:Thailand - 90% Chance of Coup
RockLobster1 wrote: I know Thailand pretty well... none of the parties that are in power or will be are against the industry as far as I know... they all want the flow of oil and tax revenues to continue.  It's a non issue, people in most of thailand I doubt are aware of how much oil is being produced but would likely be proud of it.

The main issues in Thailand are nothing to do with this industry... the economy is important but I dont see big changes there.  Lots of other important issues at the forefront.

I hope they can transition to a full democracy bu in any case there is no known political risk this industry that I have ever heard of there...  over 10 years ago when I spent a year on an island in the Gulf of Thailand i remember there was an environmental group lobbying to stop oil drilling in the gulf... worried about spills etc.   That's about it. 

Nothing better for oil business than a deeply entrenched, heavily armed, ruthless military dictatorship with a democratic mask.  Its the ultimate partner...until it isnt.  

Like all commercial armed cartels the priotity is cash flow preservation.

Sadly thismperfect businesw model is under threat as we saw with the various arab springs, western war mongering, and popular uprisings.

The only question is can the military crush uprising with same effectivness as Canada or Turkey, with relativley little blood.
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