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.

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Valeura Energy Inc > Decison Time

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Comment by cyber37on Apr 03, 2024 2:43pm

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Post# 35968446

RE:RE:Decison Time

Not sure how or who came up with chance of success (COS) of 50% for this play but exploration risk is considered very acceptable when is from 3 to 7% ….so if credible this is very good. This sounds more like a development play with that kind of risk; but I’ll take it.
Technically VLE stock is looking for a correction but company is making all the good moves & forging ahead still so I will wait and see what Nong Yao D brings to the table. Relative Strength Index (RSI) still has few percent to go even if it is in overbought territory.
G37

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