TSXV: VLE       Valeura Energy Inc
Last Price Today's Change   Day's Range   Trading Volume
0.51   -0.01 (1.92%)  0.51 - 0.54  291,624


Avg Volume (4 weeks):0
Average Price Target:-


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Business Background

Valeura Energy Inc. (Valeura) is engaged in the exploration, development and production of petroleum and natural gas in Turkey and Western Canada. Valeura operates nine oil and gas properties in Alberta. The Company holds an interest in approximately 2.5 million gross acres in Turkey. The Company owns a 40% interest in a shallow gas production and marketing business in the Thrace Basin of Turkey and holds an acreage position in the Thrace Basin with exposure to a tight gas resource play below the existing shallow gas production. Valeura acquired a 35% working interest in the lands and producing assets associated with the Edirne license, which covers an area of 100,080 gross acres in the Thrace Basin. On May 4, 2011, the Company completed a farm-in to earn a 100% working interest on License 4201 (Marhat farm-in) in the Thrace Basin. On June 13, 2011, the Company completed a farm-in to earn a 50% working interest on Licenses 4094 and 4532 (TransAtlantic farm-in) in the Thrace Basin.

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