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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 cyber37on Dec 06, 2023 1:51pm
209 Views
Post# 35771440

RE:RE:RE:Debt free

RE:RE:RE:Debt freeWell, for VLE the honeymoon is over & it is time to show results. Until now they have NOT shown that company is up to task of increasing production or even stopping natural decline for those aging fields. And yes it takes time to drill and asses what they bought but time (…and patience) is running out. I still have faith that they can turn this around and maybe even get lucky like major discover (say deep formations) but they have to move on it.
   
As for little mongol from Moscow named Putin he is already on his way to Saudis to beg and prop up his lifeline which is oil price; oil revenue is the only substantial hope they have. Since russia cannot manufacture anything outside arms, Putin is also begging another terrorist state Iran for drones so they can bomb more schools, hospitals and residential apartments in Ukraine. Millions of cluster bombs dropped by savage russians on this fertile Ukrainian farmland is the deadly legacy left in Ukraine by those criminals. It is mind boggling how much damage one little deranged man can inflict on world, Ukraine and russia itself.
It is true that people deserve leaders they elect.
G37  

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