Bullboard - Stock Discussion Forum 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... see more

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TSX:VLE - Post Discussion

Valeura Energy Inc > 24th Round of Thailand Offshore Blocks

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Post by nozzpack on Sep 06, 2022 6:41am

24th Round of Thailand Offshore Blocks

CanAsia, our spin out from POE has yet to announce its Asia asset to complete its new Nane.
Three blocks divided into A and B units are up for bids.
Costs to bid is circa $125,000 US.

A possibility of a joint bid..

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Comment by nozzpack on Sep 06, 2022 4:05pm

Spin outs unlock asset value. Thrace Deep has no attributed value in the current market cap. Lets assume that CanAsia and Vle have jointly bid for one of those offshore blocks in the Gulf of Thailand and they are successful. So, lump in Thrace Deeps and the putative JV of the new Thailand offshore block and spin it out into a new publicly listed company....as POE just did. All of a ...more

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