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 > Auctus advisors raised target to 6.40

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Comment by cyber37on Sep 18, 2023 5:44pm

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Post# 35642328

RE:RE:Auctus advisors raised target to 6.40

So, those two appraisal wells were supposed to on the flanks of the Wassana oil field to test for suspected additional oil accumulations….well it turns out that the reservoir section is thickening there. This could be a beginning of a larger story for VLE, story that is just getting thicker …..& thicker. With no evident water oil contact this play is all about upside.
$6.4 maybe just a bottom range for this company.
G37

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