Valeura Energy Inc T.VLE

Mubby Pete has 6 projects in Offshore Thai

[nozzpack]

One wonders if this extended finalizing deal may be due to another producing asset being added to the current three being acquired from Mubby

[BERationale]

Not sure where you are getting that from? They have the three operated oil concessions and one non op gas concession that they are hanging on to.  https://mubadalaenergy.com/portfolio/thailand/#:~:text=Mubadala%20Energy%20operates%20three%20concessions,in%20the%20G6%2F48%20concession.

[firstworld]

IMO the i credubly slow close is related to difficulty in getting the bomd for $230M clean up liabilities requori f the emergejcy $10M raise. Mubadala is a $250B asset firm with decades of offshore operations track record  while VLE is a tripple sub prime with ZERO off shore track record....luckg if VLE can get one in any case and same goes for the oil storage tanker. Likely imsiders are

[SMlachake]

They did say they were working on other deals, and with cash already flowing to VLE from mubby assets, one would understand if they spent more time elsewhere. That being said, I am not sure we can talk of extended timeline yet. Q1 has got 3 weeks to go yet and that was their initial timeline, so where is the extension? Lets not confuse our desires or wait fatigue for reality otherwise we play into