Valeura Energy Inc T.VLE

News Blackout

[nozzpack]

We all know just how long it takes to get a deal done in Turkey.

I am confident that a deal has been negotiated subject to Turkish approval.

Thats why no one answers the phone because the negotiations   tentatively reached an agreement whose details cannot be released until ffinal approval is given

[Canadaturk]

great point!! BUT does THAT REALLY make sense ????? NO .. if we were waiting on approval by turkish government officials it would have been already out.. Nothing stays hidden in turkey !! Specially when the times are f..kn tough financially!!! Info would have been out already and people would have been buying this stock like FUKKENNN maniacs !!! Specially all the turkish rich people that related

[Overertune]

US side the stock went up 26% with small volume. 

[Hannamuk]

Sean replied to my mail late Friday, no problem!

[Overertune]

What did he say?

[Hannamuk]

Improvements in the data room for the deep. Will use the time needed for new assets.  

[whothe]

Thanks for sharing. But -  'Time needed' - what the hell !!!!    - a lot of time has already passed - this has been dead money for so long now and the cost of lost opportunity has bee nhuge - They are going have to wait till the next 'bust' to get anything of value - the iron is no longer hot - whew what a clusterfk 

[nozzpack]

The Deeps are now an advanced play with demonstrated resource potential that requires only solving optimal production solutions. That is now the essence of the first stage. Cheap and reasonable chances for success. If  success follows, we have an easy 10 bagger here . That they have applied for approval of appraisal well locations shows that they have a JV partner lined up should sweet

[Hannamuk]

Good if they spend their cash drilling Hanoglu

[nozzpack]

You cannot rule that Valeura will be acquired as part of the deal..

[DocPat]

I share your optimism and that the idea that the play was well advanced by the $100 million spent by Statoil. Nothing's ever for sure but if she goes it would seem the blue sky on this is well beyond a 10 bagger!!))  IMHO. All the best to longs, Doc.

[Hannamuk]

Equinor pulled out due to water choking all the wells. The last 18 months companies in Valeura data room of course check facts with Equinor   

[DocPat]

Thank you for that Hanna, Could you please site your reference for your assertion that Statoil pulled out of the play due to water issues. Granted, lack of sustained flow due to oil and perhaps water depending on the zone you are looking at remain the hurdle and one has to think that this was in the decision matrix for Statoil .. but pressure from their countrymen to become a green company, that

[nozzpack]

Yes, I meant Statoil.

[Hannamuk]

Doc, pls see my earlier post on meetings Hannam had with Equinor prior to buying shallow production 

[nozzpack]

PS....Sweet spot of hanoglu 1