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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 Jun 04, 2023 11:15pm
199 Views
Post# 35479748

RE:Legacy oil and gas assets

RE:Legacy oil and gas assets Companies have been at that game for a long time.   Public corps are accountable to SH with legal transparency requirements which adds a lot of cost and reduces agility substantially.

SG and crew have demonstrated they are amateurs with late deliveries, accidents, material misses in  the financial planning leading to two dilutions weeks after "no dilution".   

Overall its amateur hour that adds more risk than before they even closed the deal after living  large off SH funds for 5 years.

This stock is extremely speculative as we have all seen after 40% drop on no div and 10% post tax margin.
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