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.

TSX:VLE - Post by User

Valeura Energy Inc > New Press Release - Valeura Energy Inc. Announces Successful Completion of Nong Yao Infill Drilling

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Comment by Overertuneon Jun 13, 2023 10:50am

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Post# 35493581

RE:RE:New Press Release - Valeura Energy Inc. Announces Successful Completion of Nong Yao Infill Drilling

It is hard to understand their business models. I guess after a couple of quarters when everything is more predictable the forward PE should go to 2.

I hope the company give out 5-10% of dividends while working on the next acquisition. They don't have any debt to pay.

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