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 > Valeura solid - good VLE write up from Jim

<< Previous

Bullboard Posts

Next >>

Comment by firstworldon Sep 03, 2024 10:17am

105 Views

Post# 36206064

RE:RE:RE:RE:Valeura solid - good VLE write up from Jim

That's the Algo trading on carefully selected wording of VLE selective PR disclosures they need to keep feeding Algo with selective numbers like X cash in account to keep algos stimulated.

In the end algos know it's just a matter of time and one storm before the vessel sinks along with SP.

VLE needs $80 oil just to break even. Currently losing $140K a day assuming $20K bbl day production.

<< Previous

Bullboard Posts

Next >>

Rig Count Soars as Utilization Surpasses Industry Averages