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 cyber37on Dec 17, 2023 10:58pm

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Post# 35789174

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

Based locally is less about being physically in touch & more about being ‘local’ when comes to raising capital…..plus tax savings. Moving costs are miniscule comparing to size of cash flow …..still they need to prove that they can make a healthy profit.
I for one like the fact that this time around management has some skin in this game & actually bought some shares …..UNLIKE during Thrace.
G37

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