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Bullboard - Stock Discussion Forum 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... see more

TSX:VLE - Post Discussion

Valeura Energy Inc > 153 days to fill the storage tank .. than what?
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Post by Canadaturk on Nov 30, 2022 1:02pm

153 days to fill the storage tank .. than what?

Another 2 - 4 months to sell? We are looking at 8 plus months to get paid ? No this is not cool at all.. they should make an announcement specifying how long its gonna take the fill, ship , travel and recieve money.. 
so far literally we are looking at 6 to 8 months ..
what is that gonna do for us shareholders ? Some of the people here have been waiting for years!! 

Turkiye deal MUST BE DONE AND FINALIZED..If they have to hire or find a special team to find a partner so be it. . Europe is SCREWED when it comes to Gas and we got a pipeline sitting next to us.. just have to find it and start selling .. I hope I'm wrong but I cant see the price of this stock going anywhere anytime soon .. no excitement so far.. again this all my own opinion.. do your own research

Comment by BERationale on Nov 30, 2022 2:56pm
What are you panicking about? They pre sell the oil through marketing contracts. Hence why Trafigura, one of the largest crude oil trading companies is their lender (its all strategic). Rest assured they will have revenue and substantial cash flow in Q1. Management of VLE have set this whole deal up methodically with plenty of room for upside in the asset base. The news today tells me they are ...more  
Comment by SMlachake on Nov 30, 2022 5:00pm
Exactly. I think it's funny how someone things you need to fill the storage tank before you sell the product. Fill and then what? This is proceeding very well. January is a big month for VLE imo.
Comment by Canadaturk on Nov 30, 2022 11:24pm
Well I think you are funnier when you are assuming you are gonna get paid for something that is not even there yet.. if the well produce 3000 bbl / d it will take 153 days .. that's if !! No one is gonna pay for anything till that oil makes it to SHORE. I just think this management should focus on Turkiye deal more than what they are doing so far.. Hanoglu 1 is the well that they think it ...more  
Comment by SMlachake on Nov 30, 2022 11:44pm
My opinion is this is going nowhere but up once weak hands like yourself are out, unless you are trying to shale others to trade a few. Funny you say, yet you don't seem to understand the purpose of a storage vessel but that's okay. Go ahead and do your math. Storage vessel is used to hold crude to an amount worth unloading to a tanker. It is not used to measure a certain amount till full ...more  
Comment by firstworld on Dec 01, 2022 2:54pm
When an NOC global partner like Equinor exits a play after dumping USD 100M into it the pool of partners shrinks to nil. No one will invest a dime in a conflict premium  business becauese everyone knows, based on all elections since March 2022, that the current grouping of elected and unelected leaders sponsoring and supporting UA Nazis will be out. At bthis point VLE needs to spend the ...more  
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