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 is also pursuing organic and inorganic growth in Southeast Asia.

TSX:VLE - Post by User

Valeura Energy Inc.

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Post by firstworldon Mar 21, 2023 3:38pm

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Post# 35352018

SPV Valuation

Any one seen any 3rd party SPV valueation or was this another corrupt deal like selling Trace shallows at 80% discount to appraised value, to an opaque offshore newco set up in London?

Really - $120M valuation for zero revenue and only potentail 3,000 bbl day / $25M yr profit if everything workls out that a near 5 profit multiple for ZERO actual revenue when norms are 7-12X multiple for years / decades of proven stable profits.

Anyone see who the beneficial owners of the seller entity are?

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Drilling company poised to capitalize on market conditions