Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Valeura Energy Inc. T.VLE

Alternate Symbol(s):  VLERF

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... see more

TSX:VLE - Post Discussion

View:
Post by nozzpack on Dec 16, 2022 2:46pm

Capex

Only 3-4 wells drilled will be drilled in these new assets in 2023.

Thats because Mubby has already drilled 9 infill wells to date in 2022 and was planning just 3 wells or so in 2023.
From then on forward to 2026 , about 4 per infill wells.

Development  / appraisal wells will be drilled at Nong Yao on the flank of the Nattani Trogh beginning in 2024.
None of these wells are particularly expensive .

My calculations left $84 million US per year for a variety of expenses including sustaining capex.

Of course, we have the KE assets providing rich cash flows which were excluded from my analyses.

Note that those who critizize , including The Child and his Playmate, do not offer to provide their calculations .
Bashers never do,,
Comment by Hannamuk on Dec 16, 2022 2:50pm
Russian troll, you have left out a new MOPU++  :-)))
Comment by SlowAndSteady7 on Dec 16, 2022 3:04pm
Rossukon Development plan: ~$26M ($60M @ 43% WI) MOPU final payment $5M Aquisition final payment $4.4M 5 infill wells for Wasanna 19 infill wells for Jasmine (over 3 years, so assume 6 in CY23) 12 new wells for Nong Yao New MOPU for Nong Yao New Appraisal cost. 180 Thai Staff. Regular G&A (lawyers, CxOs, accountants, TSX listing fees, etc....) Stuff adds up fast for something of ...more  
Comment by SMlachake on Dec 16, 2022 3:33pm
Are you missing heat loss from diesel injectors, pumps on surface and friction loss lifting the crude? And yeah, there is office printing costs and coffee, let's not forget bank charges and currency conversions. Come to think of it, it rains in Thailand and all 180 employees may need an umbrella or 2. My only question after all that is added up. Can you please recommend an O$G stock that flows ...more  
Comment by Hannamuk on Dec 16, 2022 4:40pm
Umbrellas as you missed out the water injection? :-))  
Comment by nozzpack on Dec 17, 2022 6:17am
Rossukon Development plan: ~$26M ($60M @ 43% WI) ( not part of Mubby assets but will add more more production so will more than pay for itself  ) MOPU final payment $5M ( one time payment divided by 10 year field life ) Aquisition final payment $4.4M ( one time payment divided by 10 year field life ) 5 infill wells for Wasanna ( not part of  Mubby assets but Opex more than paid for ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities