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 > Debt free

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Comment by cyber37on Dec 05, 2023 4:45pm

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Post# 35769893

RE:Debt free

Saudis are not as influential as they used to be; cuts would have to be orchestrated in cooperation with russians. However, both can’t afford to live without petro dollars. Russians are strained by criminal war in Ukraine & Saudis extended and committed themselves to many mega projects. Regardless of all the world turbulence; world still desperately needs oil (just follow COP2023 minutes).
No oil price crash on the horizon, if anything the price will be trending up.
And yes, debt free outfits like VLE will flourish based even on present oil price; higher price is just gravy.
G37

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