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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 > Sean on how to spend 10 mill raised
View:
Post by Hannamuk on Mar 14, 2023 3:02pm

Sean on how to spend 10 mill raised

"The net proceeds from the Offering will be used to fund pre-production operations at the Wassana field, to kick-off the Wassana infill drilling programme scheduled to begin in Q2 2023, and for general corporate purposes."
Comment by CravenMoorehead on Mar 14, 2023 5:12pm
Sounds like a done deal!  
Comment by energee on Mar 14, 2023 9:36pm
Makes perfect sense.  They sre getting close to the first deal production adds, which takes time to get the ops lined up, particularly when there is significant floating equipment involved.  Also, I expect that during the pre-closing of the Mubadala deal, which they are living at the moment, that they are working hard on the 7-8 months of accounting adjustments to deal with the very ...more  
Comment by firstworld on Mar 15, 2023 9:35am
So fat we have seen zero executions seems to be all wishful thinking  with BG bailing out i have bids in below 2.00
Comment by cyber37 on Mar 15, 2023 1:07pm
Properties bought were prept for sale & likely neglected (lipstick on the pig idea) so now VLE needed 10 million just to get them up to speed (production). I hope all is good & that there are no more skeletons emerging from that ‘unreal’ deal.    G37
Comment by SMlachake on Mar 15, 2023 5:22pm
Is shameless lying the only way you can generate material to post? Infill drilling campaign for Wassana was planned right from the Start and is gonna be executed, nothing new there. But you are too shallow in your bashing that you don't even take time to craft something sensible. Wassana was bought shut-in, how do you prep shut in well? Use some brains.
Comment by Hannamuk on Mar 15, 2023 6:03pm
Ha, ha. This is a quote from company page to correct those talking about an acquisition for the raised bucks!  
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