Valeura Energy Inc. T.VLE

Alternate Symbol(s): VLERF

Energy Oil & Gas E&P

Valeura Energy Inc. is a Canada-based upstream oil and gas company engaged in the production, development, and exploration of petroleum and natural gas in the Gulf of Thailand and onshore Turkey. It is also pursuing inorganic growth in Southeast Asia. It 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), 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 3,200 barrels per day (bbls/d) of medium-weight sweet crude oil. It also has an operating interest in 0.407 million gross acres of prospective rights in the Thrace basin of northwest Turkey. It holds interests ranging from 63% through 100% in various leases and licenses in the Thrace basin.

TSX:VLE - Post by User

Valeura Energy Inc. > Ahead of itself....

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Post by Suppe11on Mar 27, 2024 8:33pm

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Post# 35956943

Ahead of itself....

Imho market is running a bit ahead of itself. It was a one-timer quarter, where they sold inventory -> sold 3k bpd more, than produced and they had a non-cash bargain purchase of $30m in Q4...

Regarding their cash position...they'll have to pay the 2023 taxes in May (->$70m+).

The good news is of course the lower Aros....

While their first half March production of 23k bpd looks good, the company concealed, that the February average was 21050 bpd, 1350 bpd lower, than January. I guess the March numbers included inflated early <IP30 numbers of 1-2 new wells.

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