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 > COO and Board

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Comment by firstworldon Jul 17, 2023 11:44pm

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Post# 35545353

RE:COO and Board

energee wrote:
Great to see tte addition of international management/operating expertise (ex Shell and BP) and the change of auditor to an interntional firm. Sets the stage for VLE to become a dominant player in the region.

Tier 1 and NOC folks are used to having unlimited resources and knowkedge depth at fingertips with massive corporate pull in vendor pool with unmatched purchasing power.

Many times these folks fail when dont have the ultra high HP support with start--up HP barely making $10M proft annually. Its the high power org that has the value not a few people out of 50,000.

Nigeria is a posterchild of how not to run offsbore LOL.

Hopefully this is different.

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