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.

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Valeura Energy Inc. > New Malcolm shaw comment

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Comment by firstworldon Jan 08, 2024 10:10am

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Post# 35815497

RE:RE:New Malcolm shaw comment

Overertune wrote: About 50m cash per quarter? I dont see any risk here.

<br /> That means they should have about $350M cash on earnings entitlements and on ops but they dont they lost 6M Q3 on $87 oil.  Q4 will be 20-30M loss bring cash position to where they were in Q1 2022 or there abouts.<br /> <br /> Costs wil be higher than expected thanks to Thailands largest offshore services provider likely connected to Junta owning 12% of VLE demanding overpriced contracts per the norm there.

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