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 > Nice to see rational market action on VLE

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Comment by cyber37on Jan 24, 2024 1:27pm

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Post# 35843341

RE:RE:RE:RE:Nice to see rational market action on VLE

Good point Sup…, this is precisely why I stressed here on few occasions the need to grow reserves for this company. Thanks to this acquisition I’m in the green with my VLE shares so now I’m looking if there is a longer term prospect here.
Uninformed …or ignorant investors tend to focus on just daily production which is just ½ of the story. Without 20 years life span no serious institutional investors will touch this stock so again reserves!
I hope that Wassana deep will raise this stock to a major league.
G37

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