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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 > New Press Release - Valeura Energy Inc. Announces Wassana Production Re-start
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Comment by firstworldon Dec 14, 2023 3:13pm
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Post# 35785261

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:New Press Release - Valeura Energy Inc. Announces Wassana Production Re-start

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:New Press Release - Valeura Energy Inc. Announces Wassana Production Re-start
windymayor1 wrote: If you looked on the map of SE Asia you may get an idea of why H.O. is located there and where the next acquisitions may come from. 
Also 90% + of current staff are on the ground in Thailand anyway.
I wouldn't sweat it.   

If one is a multinational in Asia Singapore regional HQ makes sense but when its a startup operating on pennies who has to dilute SH 20% to raise $20M emergency funding with only one asset in Thailand the norm is for management to be in Thailand.

Cost is 20% of Singapore and they're close to regulators, vendors and team which is absolutely critical. 

Instead, they now have higher costs than planned anf late performance under target with five star SH funded luxury life.

This just shows amateur management focused on personal betterment as highest priority.

They should have set up corporate managent in Burma instead at 3% of local cost fitting their tier 5 status.  

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