Energy Shares Up Big Following Completion Of Acquisition

Energy Shares Up Big Following Completion Of Acquisition

By: Dylan Sikes – AllPennyStocks.com News

Wednesday, March 22, 2023

A Calgary-based energy company found tremendous success on Wednesday after the company announced the completion of its transformative Gulf of Thailand acquisition. According to the release, through the company’s wholly-owned subsidiary, it is now the holder of a 100% “operated interest in Licence B5/27 containing the Jasmine and Ban Yen oil fields, a 90% operated working interest in Licence G11/48 containing the Nong Yao oil field, and a 70% operated working interest in Licence G1/48 containing the Manora oil field.”

This sent shares of the parent company, Valeura Energy Inc. (TSX:VLE) (OTCPK:VLERF) soaring during the regular session, with shares trading on the TSX reaching up to $2.955/share (+21.60%) at the session high.

Valeura Energy Inc is engaged in the exploration, development, and production of petroleum and natural gas in Turkey. The company generates its revenue from the sale of petroleum and natural gas products.

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