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 > $3M mth Net Profit on $30M mth Expenditure

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Post by firstworldon Oct 11, 2023 12:35am

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Post# 35678076

$3M mth Net Profit on $30M mth Expenditure

Its gone with another accidents, the sole rig working has techical fault, production falls another 400bbl day to 19K bbl day VS the promised 25 K bbl day.

AOI on sale now with $175M cash, 25K bbl day $90+ Nigerian Crude and 6% of 5B bbl Namibian oil, AND its not a start up run by get rich quick amateurs like VLE, plus has tier 1 partners (VLE lost thiers in 2018), as well as management that lives where they are listed.

Take your chances on VLE but its extreme high risk VS proven cash machine AOI and Prime.

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