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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 AucontraireIIon Jan 10, 2025 3:34pm
185 Views
Post# 36398602

RE:RE:RE:RE:This all goes back

RE:RE:RE:RE:This all goes backI think some are missing my bigger point.  If Sean had not opted to do a financing at the very time things seem to be at their best, when the bottom finally fell out of the Thrace venture, we wouldn't have had any money to continue very long. It was the cash in the bank that financed these later acquisitions which we are now talking/celebrating about. So it was this stroke of good management, if you want to call it that, that got us to where we are today. What we have seen in the last month or two or six months is just a footnote to that larger story... whatever is behind its cause ....maybe price of oil or whatever.
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