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 > Dividend

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Comment by cyber37on Sep 20, 2023 1:13pm

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Post# 35645682

RE:RE:RE:Dividend

Suppe11; totally agree …. & I have pointed this out here on few occasions that it is way too soon for dividends at this stage. Abandoning liabilities and a short life of current proven reserves dictates a different focus for VLE; one that is dedicated to longer term growth. The company still needs to assess what they acquired & how to move forward with those properties. For now they are only able to slow down natural decline & only replace production….they need to show growth. Company will need to establish itself first & monetize some of that identified upside potential.

Until then, dividends are just a silly talk.
G37

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