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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 DocPaton Sep 20, 2023 7:48pm
193 Views
Post# 35646407

RE:RE:RE:RE:RE:Dividend

RE:RE:RE:RE:RE:DividendI love the idea of a Divi and look forward to the day it happens, but, they need to be north of 50,000 Boepd with another asset that clearly has a longer reserve life profile.

Not that I think there is anything wrong with the Thailand assets, quite the contrary, I think it's an excellent asset and the reserves will continue to be extended for many many years to come. Just that those with their pencils finely sharpened like to see the longer reserve life profile on the books.

What I would really like to see is an acquisition of an additional 25,000 boepd and the anouncement of the drilling the next deep test in Turkey. If it works, and that's a big if, this thing could truly rock and roll, and if not, at least we gave it a shot, spin it off for a royalty and be done with it.

Gotta love the trajectory .. keep her goin' team!

Doc.  

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