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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 > News worthy stuff ... for sure!
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Post by Gringotts on Apr 28, 2023 8:46am

News worthy stuff ... for sure!

Great news release!

1. Wassana production restart (sooner than expected)
2. 100% working interest 
3. increasing field output to approximately 5000 bbls/d
4. Divesting of Rossukon (G6/48) for $5 million payment and 4.65% royality (when oil flows). Bo capital risk to VLE. Might be avery smart move.
Comment by cyber37 on Apr 28, 2023 12:38pm
Totally agree. With Wassana acquisition, I think we are beginning to see some focused and selective assets management. Rossukon sale is another example of this rationalization, where potential $100 million (gross) of capital expenditures were on the line. I see signs of some prudent management & judging from share price today so is market.   G37 
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