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 > Very well written news release

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Comment by cyber37on Feb 13, 2024 11:22pm

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Post# 35879025

RE:Very well written news release

With TSX Comp down over 400 point (2.3%), VLE closed down only 0.6% to me that spells resilience. VLE is relatively new to the market (post Thailand acquisition), company is developing following and this shows that new investors believe in its potential. With market cave-ins like today VLE stayed its course and was even ‘in the green’ for a bit.
IMHO; selling on down days like today to lock-in gains may not be the right move versus staying in to capitalize on future potential. I look to the future - To each according to his needs….lol.
G37

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