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 > The set up...Wink Wink...

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Comment by firstworldon Aug 17, 2023 9:34am

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Post# 35592630

RE:The set up...Wink Wink...

Gringotts wrote: Looks like VLE is setting up for another lousy day.

VLE will only produce 22,000 barrels of oil today and sell it for about $84.00 US a barrel for
$1, 848, 000 US or $2,420,880.00 CA. Boy, does that ever look terrible.
Wink, Wink....

I guess the fact they were supposed ro be at 25K bbl day before blowing $100M on infill drilling spooked many. Overall the whole tging is very precarious at best. The 18M the blew on locating bronze class management to Singapore in a Platinium class scheme reeks of betterment and corruption so that probably tirned off many gamblers.

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