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. > Capex front loaded ?

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Post by Suppe11on Apr 18, 2023 5:27pm

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Post# 35401711

Capex front loaded ?

So they want to drill 21 wells and did already 7 in Q1. The cost of these 7 wells are probably accounted at March closing. That would mean lower capex per Q for the rest of the year.

It's not clear to me though, if the 4 Nong Yao wells are included in the 21 well count or if they're on top.

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A junior copper-gold stock trading at a bargain of monumental proportions