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Valeura Energy Inc. T.VLE

Alternate Symbol(s):  VLERF

Valeura Energy Inc. is a Canada-based upstream oil and gas company engaged in the production, development, and exploration of petroleum and natural gas in the Gulf of Thailand and onshore Turkey. It is also pursuing inorganic growth in Southeast Asia. It 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), 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 3,200 barrels per day (bbls/d) of medium-weight sweet crude oil. It also has an operating interest in 0.407 million gross acres of prospective rights in the Thrace basin of northwest Turkey. It holds interests ranging from 63% through 100% in various leases and licenses in the Thrace basin.


TSX:VLE - Post by User

Bullboard Posts
Post by Smokimon Dec 16, 2019 8:57pm
419 Views
Post# 30461589

Vle 4 bagger don’t wait

Vle 4 bagger don’t wait Working capital $52 million .60c per share , 1p reserves $26 million +WC, thats worth .90c per share. plus 2p reserves $61 million, $1.61 share. Full carry by statoil aka Norway, for $100 million US investment they can earn 50% of the play. FID (Final investment decision by them isn't slated until Q1 2021) So right now you get everything for free and even cash at a .12c discount (.12c is 20% discount). Last bought deal was for $60 million at $5.70. There is no worries about holding cash, especially from a fully carried gas operation that turns a profit. Friday was tax loss selling with anon pounding it up the....
Bullboard Posts