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Valeura Energy to list in London as it looks to grow resource base and production in Turkey

Valeura Energy chief Sean Guest

Toronto-listed Valeura Energy (TSX:VLE) is to get a second listing in London after strong UK institutional support for a fund raising last year.

Valeura is drilling to prove up a potentially huge gas play in north-west Turkey that might hold as much as 10trn cubic feet of natural gas.

Equinor, the former Statoil, is its partner on the field with handily Valeura owning all the local gas infrastructure as well.

A first development well hit a massive 1,600m gas column. Results from the second well are due next month.

It's a very exciting time for Valeura, chief executive Sean Guest told Proactive.

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TSX:VLE
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Market Cap: $25.98 m
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