Valeura Energy Inc T.VLE

Forward Tax Loss Pools

[nozzpack]

Much like KrisEnergy assets, the Mubadala Transaction is structured as a corporate acquisition, therefore includes the Seller’s carry-forward tax losses.

KrisEnergy, as previously reported, had over $1 billion US in operating losses .

What is still interesting about KE is that it still owns 30% of the Bangora gas field in Bangladesh.
That field currently produces about 8500 boepd .

KE has a court claim for nearly $39 million US from BAPEX now in the tertiary stages of a final decision at the Internatiinal Court in the Caymans.

KE debtor, Keppel Corp, oversees KE interests in this asset but like Mubby, has altered course and submitted to the Clown worlds Green insanity.

Once all is said and done Re the Court case, it may just decide to liberate itself of KE interests in the Bangora gas field..

[Hannamuk]

Putin puppy, are you checking shale exploration offshore Bangladesh also?:-))))

[SlowAndSteady7]

How much of that $1B KE loss is in the Thailand jurisdiction?   They were equal opportunity and lost money around the world, most of which in Cambodia if I'm not mistaken. I'm not bashing your post, just asking in case you've had the opportunity or time to find and read 10 years worth of KE docs to know the answer. I asked Robin, but he said he would not disclose until the

[nozzpack]

I cannot quantify precisely , but the Gulf of Thailand was most likley the largest, as this was where most of KE efforts were located.