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Valeura Energy Inc T.VLE

Alternate Symbol(s):  VLERF

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

Comment by bfwon Apr 20, 2024 8:28am
227 Views
Post# 35999396

RE:RE:$6

RE:RE:$6

Carbonbull wrote: I am still an investor in VLE , I have however sold down a portion as I indicated in a prior post , perfectly prepared to re buy with further reserve additions and clarity on tax position. Or a leg up on oil futures curve , Vle is one of my favorite names the management team has done a superb job in executing their vision!!!
A number of funds are now buyers and liquidity is good .


Thanks for clarifying.

The announcement this past Monday speaks to further reserve additions.

The tax position should be clarified in the next month. However, with all the discoveries at Wassana, the tax breaks should be used up eventually anyway.

Here's a recent interview that summarizes things well....

https://www.directorstalkinterviews.com/valeura-energy-strategic-acquisitions-and-successful-exploration-boosting-shares-and-reserves/4121152350

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