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.

TSX:VLE - Post by User

Valeura Energy Inc.

Bullboard Posts

Comment by Doubleneedon Jan 09, 2018 8:26am

137 Views

Post# 27311587

RE:20 TCF = $12/share (at $0.15 USD per BOE best estimate RA)

Bigreturn11,

Thank you for providing this history, but your can not compare those companies.

Although the mean gross prospective resources were 2.2 B boe, Verenex was only a partner at 50%, and under the licence agreement the consortium was only alocated 13.7% of the production, although they had to pay 50% of the development costs,and even then, this was to be reduced after exploration costs would have been recuperated.

$12/Share for 20 TCF is a joke. I estimate future potential profits on 20TCT plus condensates in in the order of 100 Billions, do you really believe Valeura would sell that for $1 Billion ?

Bullboard Posts

What is the gold outlook for the rest of 2024?