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 > 10percent at these prices

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Comment by cyber37on Nov 09, 2023 4:02pm

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Post# 35726912

RE:10percent at these prices

Yes, 10% is significant but I don’t think VLE gave them any ‘insider’ info other then what is publically known. They may have given them private presentation with a one on one Q&A session but no more. Likely this fund consulted with a ‘major league’ technical experts & went with that. This is a very bullish sine & reassuring for an average independent investor. Potential for a future dividend could also be a factor here; funds do like that. VLE could also fit into their Geo-political objectives as many funds are restricted based on that criteria.
G37

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