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 > Now that the price range has been established

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Comment by bfwon Jun 06, 2024 11:05am

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Post# 36075275

RE:RE:RE:RE:Now that the price range has been established

Yeah, Brent is currently down about $2 since last Friday.

A powerful, sustained move lower ;)

It was the interpretation of OPECs words by a bearish media that led to a quick plunge. Calmer, rational investors have led the rebound :)

bfw

Hannamuk wrote:
A remark from OPEC+ last week drove the price down significantly. Powerful!

Carbonbull wrote: I know that , and it trades at a premium , i have always analyzed the oil market by the reference price that represents the largest producing nation by far, the USA. like it or nor not they have move influence then Opec +. the analysis whether Brent or WTI is largely irelevant as the bais risk between benchmarks is well defined.