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Bullboard - Stock Discussion Forum
Valeura Energy Inc
T.VLE
Alternate Symbol(s):
VLERF
Energy
Oil & Gas E&P
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...
field) and G11/48 (Nong Yao field). It holds a 100% operating interest in license B5/27 containing the producing Jasmine and Ban Yen oil fields. It holds an operated 70% working interest in license G1/48 containing the Manora oil field, which produces approximately 2,935 barrels per day (bbls/d) of medium-weight sweet crude oil. The Company holds interests ranging from 63% through 100% in various leases and licenses in the Thrace basin. The Company also operates Floating Storage and Offloading (FSO) vessel Aurora, location at Nong Yao field, offshore Gulf of Thailand.
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TSX:VLE - Post Discussion
Valeura Energy Inc
> Damned taxed
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•••
Hannamuk
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Post by
Hannamuk
on Jul 11, 2023 3:07pm
Damned taxed
Company paid taxes of US$178.1 million in respect of the previous owner’s 2022 operations,
(98)
•••
cyber37
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Comment by
cyber37
on Jul 12, 2023 12:16pm
I’m assuming these were past due taxes for 2022 that were part of this ‘spectacular acquisition’. This only shows that what initially looks like a great price has often many strings attached to it. Hopefully VLE will catch up & cleans up all the hidden gremlins and moves on with optimizing those aging fields. Much work is to be done here but I’m still hopeful & it looks like markets are
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