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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 Carbonbullon Aug 11, 2023 10:19am
155 Views
Post# 35583716

RE:Q3 thoughts

RE:Q3 thoughtsthank you for your contribution , from my perspective the only thing that matters is extending the life of the various fields thru infill drilling , so far well done.  simple measure of success is arresting the decline and haveing quarter on quarter production growth ...this will dramatically change book value.Of secondary importance is demonstrating the competence to manage remediation costs , the elephant in the room , this could very welll lead to additional acquisition oppurtunity in near by basins. Finally as noted by another poster ,,GET reorganized to effictively utilize tax losses.
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