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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 > What I am watching for in the upcoming financials
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Post by Carbonbull on Mar 14, 2024 12:50pm

What I am watching for in the upcoming financials

With the appointment of a tier one auditor there will be a thorough analysis of the remediation liabilty, putting one more QP opinion behind the 250m number . This will be thorougly tested by PW.  My view is that management has inherited the work done by the last owner which had plenty of resources to do a thorough job and their assesment would have been part of the Rep and warranty section of the SPA. All in all very satisfied the way this stock is trading and the paticipation of the two institutional shareholders. plus as they expand the resource and plan the drilling campaigns knowing limited life they will engineer for quick remediation.

Good luck to all I continue to believe in this asset and team.
Comment by windymayor1 on Mar 14, 2024 3:13pm
You mean D&T. Agreed.
Comment by windymayor1 on Mar 14, 2024 4:07pm
Mkt Mover Top 5 % gainer,