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

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Post by energeeon Dec 11, 2023 11:04pm

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Post# 35779232

Value here

Totally agree with a few posters that the Company has made some great initial deals. That is why we are trading at 6X the price before the 2 deals.

Oil price soft, CDN gas has no markets yet so all oil and gas co's down about 20% in last two weeks. The traders are feeding on the fact that USA needs to fill up the Strategic tank. COP 28 partiers have been lobbied hard. Put the Ecojustice types on ignore.

Wassana on, debt free, oil price likely to climb up from here. Time to trade.

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