Valeura Energy Inc T.VLE

Mubadala boost Erawan production

[Hannamuk]

with cash received from Valeura 

https://www.energyvoice.com/oilandgas/asia/406214/pttep-officially-takes-reins-at-erawan-and-bongkot-offshore-thailand/

[nozzpack]

That's a totally false post intended to deceive, much like the shorter that you are. That NR was dated April of 2022 and it was PTTEP, the 60% owner that was reported on..

[Hannamuk]

Ha ha, Russian. Check Mubadala Home page for Thailand and 40% share in Ewaran  

[Hannamuk]

Mubadala as a partner to produce 50 000 boepd in a year!  

[Hannamuk]

Their priority for large capex spending   

[Overertune]

VLE wants to boost production to 50000? With 180m capex, or by more acquisitions?

[Hannamuk]

Mubadala it is! Instead of spending more capex on assets now in Valeura s hands, they go for Erawan. See link!

[Kadiddelhopper]

Erawan was news in 2019 for Mubadala's 40% interest with PPTP...Where is the link you referred to? 

[Hannamuk]

https://www.energyvoice.com/oilandgas/asia/406214/pttep-officially-takes-reins-at-erawan-and-bongkot-offshore-thailand/ April 2022  

[Kadiddelhopper]

Thanks but the article is  a year old April 2022 and related to gas...of little relevance to our Valeura , an oil producer.

[Hannamuk]

Largest field in Thai for the big boys. The relevance is Mubadala priority of spending   

[firstworld]

Huge risk for Mubadala on the gas play. Germany, thus Nato / new reich), will capitulate within 18 mths and beg on their knees for RU gas especially when economies collpase (as they are now) and USA starts to sanction Germany and EU for new reich exit (whether by elctorate ot desperation). With all fairness to tactics employed RU could accelerate this with "accidents" at floating LNG

[Kadiddelhopper]

Te Article indicated the Erawan Gas was intended for the local and regional Market, so hopefully the South Asians are secured in any event.

[cyber37]

I think you are right FW, Russia will be begging West soon & especially Germany to take their gas for a large discount. Moscow & their Mongol leather are almost bankrupt now and will need cash to pay North Korea and Iran for weapons that they buy. Since russia is unable to produce anything of value other than oil & gas they will be forced to provide world with some cheap energy for

[Overertune]

Russia is selling to China and India.  It is Europe that begging for affordable gas.

[firstworld]

LOL in case you haven't hear RU has completely replaced new reich markets with global majority who the new reich also happen to buy RU LNG and other energy products from to the same extent they did when it was labelled made in RU. Now, thanks to blending and ship to ship transfers RU and global majority are making profits never seen before costs EU over EUR 1 T more in 2022 alone. That's